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Scandinavian airline SAS' pretax loss grows in Q4

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Publish date: Thu, 30 Nov 2023, 04:26 PM
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STOCKHOLM,: Scandinavian airline SAS reported on Thursday a bigger August-October pretax loss than a year ago and said it aims for a U.S. court to approve its Chapter 11 restructuring plan in early 2024.

Long-struggling SAS, which is under bankruptcy protection and bringing in new owners as part of a rescue plan, said pretax loss was 2.11 billion Swedish crowns ($204 million) in its fourth quarter against a year-earlier 1.70 billion loss.

In the third quarter, SAS made its first quarterly profit since 2019.

 - Reuters

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