All SAS articles
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NewsSAS turns in first quarterly operating improvement since crisis began
Scandinavian operator SAS has turned in a first-half operating loss of SKr4.2 billion ($506 million), a deterioration on the previous year’s figure – although the company’s second quarter improved. It slashed operating losses for the second quarter by around 40% to just over SKr2 billion. Demand remained low ...
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News
Avianca Holdings chief Van der Werff selected to lead SAS
Latin American airline operator Avianca Holdings’ head, Anko Van der Werff, is to take up the position of chief executive of Scandinavian flag-carrier SAS by mid-July. Van der Werff will succeed Rickard Gustafson, who will relinquish his position in May and hand control in the interim to chief commercial ...
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News
Pilot strike does not free SAS from compensation obligation: court
Scandinavian carrier SAS has lost a European court judgement over passenger compensation in the event of a strike by airline personnel, after a ruling that valid industrial action does not qualify as extraordinary circumstances. The European Court of Justice ruling contradicts a previous finding by Swedish consumer disputes board ...
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News
SAS poised to re-open European summer routes if restrictions ease
Scandinavian operator SAS is preparing to re-open 180 routes for the summer within the Nordic region and Europe, believing that vaccination programmes are set to ease travel restrictions. The airline is continuing to suffer heavily from the air transport crisis, turning in a pre-tax loss of SKr1.94 billion ($234 ...
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News
French and Swedish state aid to airlines not discriminatory: European court
European court judges have thrown out a case against the state aid granted to French and Scandinavian carriers, which had been brought by budget airline Ryanair. Ryanair had alleged infringement of non-discrimination principles as well as the obligation to weigh the benefits of the aid against its adverse effect ...
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News
SAS stays with Leap-1A for remainder of A320neo order
Scandinavian operator SAS has stayed with CFM International for a further batch of engines for its Airbus A320neo-family fleet. SAS has directly ordered 65 A320neos of which 30 have been delivered. It also operates another 15 on lease, including a single A321LR, all of them fitted with the CFM ...
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Analysis
SAS leans on domestic markets amid intensifying competition
Large domestic markets have helped ease several carriers through the Covid-19 crisis, as travel restrictions and a fear of moving across borders bolster internal demand within countries with large populations and territories.
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SAS chief Gustafson stepping down to take top post at industrial firm
Scandinavian carrier SAS’s chief executive, Rickard Gustafson, is to step down from the position and leave the company after a decade in charge. Gustafson will leave by the beginning of July, the airline states, taking up the chief executive role at Swedish industrial group SKF, succeeding Alrik Danielson. ...
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SAS not counting Norwegian out as rival plans $450m share issue
Scandinavian operator SAS believes that it will face a fiercely competitive situation in the region during crisis recovery, irrespective of the survival – or otherwise – of budget rival Norwegian. Norwegian disclosed plans on 3 December to pursue a new share issue intended to raise gross proceeds of up ...
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News
SAS shifts deliveries of A350s and A320neos to align with recovery
SAS has shifted deliveries of a pair of Airbus A350-900s due to arrive in the current fiscal year, shifting them to fiscal years 2022 and 2023 instead. It has also deferred introduction of eight Airbus A320neos, pushing back the delivery of two batches of four aircraft each by a ...
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News
SAS expects further losses for 2020-21
Scandinavian operator SAS expects losses to persist through the full-year 2020-21, but insists its recapitalisation will prepare the airline for the winter season and the continuing disruption from the air transport crisis. SAS chief executive Rickard Gustafson says the winter will be “tough” while the new fiscal year will ...
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News
Denmark and Sweden up SAS stakes to 22% in recapitalisation
The Danish and Swedish governments have each agreed to increase their stakes in SAS to 21.8% under the Scandinavian carrier’s SKr14.25 billion ($1.62 billion) recapitalisation plan, which has now been finalised. SAS obtained approval from both governments in August for its revised recapitalisation plan, which was originally ...
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News
Braathen to launch new Norwegian airline
A team led by experienced industry executive Erik Braathen is planning to launch an airline in Norway that reflects “the new economic reality”.
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News
Crew’s late escape from icing preceded serious ATR 72 upset
Norwegian investigators have disclosed that an ATR 72-600 suffered a serious loss of control, with excessive wing bank, as its crew belatedly attempted to escape from icing conditions during a domestic Bergen-Alesund service. The inquiry into the incident – involving a Jet Time flight for SAS on 14 November ...
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Analysis
Winter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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News
SAS impairs older fleet as it pushes back Airbus deliveries
SAS has pushed back deliveries of two Airbus A350-900s and eight A320neos, which will reduce the Scandinavian operator’s capital expenditure for 2021-24. But the company insists it is “still committed” to achieving an all-Airbus fleet by 2023, to reduce fuel consumption and maintenance costs. “We have made progress ...
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News
SAS obtains government backing after rejigging recapitalisation
Scandinavian operator SAS has obtained support from the Swedish and Danish governments, as well as its third major shareholder, for a revision to its recapitalisation plan. The plan was originally disclosed on 30 June and covered SKr14.25 billion of equity. SAS says the revision focuses on specific financial ...
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News
SAS details extensive make-or-break recapitalisation plan
Scandinavian operator SAS has detailed a recapitalisation programme intended to run alongside its revised business plan and the implementation of broad efficiency measures. It says the Swedish and Danish governments, along with its third-largest shareholder – the Wallenberg Foundation – are supporting the plan, through which SAS aims to ...
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News
Swedish and Danish governments back SAS recapitalisation
Sweden’s and Denmark’s governments are backing a capital increase for Scandinavian carrier SAS, which is seeking around SKr12.5 billion ($1.33 billion) in support funding. The Swedish government has submitted a proposal to the country’s parliament for support amounting to SKr5 billion, says SAS. It adds that the Danish ...
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SAS to operate most initial flights from Copenhagen
Scandinavian carrier SAS will resume services on 21 short-haul routes this month, operating the majority of them from Copenhagen.
