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SAS

Crisis-stricken airline SAS records heavy losses

Troubled Scandinavian airline SAS, which has filed for bankruptcy in the United States, reported deeper losses in the fourth quarter on Wednesday.

Pictured is an SAS plane taking off.
SAS has recorded heavy losses, according to its latest figures. Pictured is an SAS flight taking off. Photo by Odd Andersen AFP

Net losses amounted to more than 1.2 billion Swedish kronor ($117 million) in the August-October period, compared to a loss of 744 million kronor a year earlier, the company said in a statement.

“As with previous quarters in 2022, the currencies (foreign exchange) and jet-fuel price have brought strong headwinds for our business,” said SAS chief executive Anko van der Werff.

The airline, however, saw the “highest number” of passengers since the beginning of the Covid pandemic, with healthy demand in the summer, van der
Werff said.

The airline, which cut 5,000 jobs in 2020, is preparing for “substantial recruitments and rehirings” to meet the expected increase in demand next
summer, he added.

SAS filed for Chapter 11 bankruptcy proceedings in the United States in July — a move allowing a company to restructure its debts under court
supervision.

Van der Werff said the airline expected to complete the court-supervised process during the second half of 2023.

Earlier this year, The airline posted a net loss of 1.84 billion kronor ($170 million) for the May-July period, compared to a loss of 1.33 billion kronor a year earlier.

Earnings were “severely affected” by the 15-day pilot strike between July 4th-19th, which led to the cancellation of some 4,000 flights affecting more than 380,000 passengers, the company said in a statement.

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TRAVEL NEWS

Man arrested after bomb threat at Denmark airport

A man was arrested in connection with a bomb threat late on Saturday morning that forced the evacuation of Denmark's second largest airport, police said.

Man arrested after bomb threat at Denmark airport

Flights to and from Billund airport in central Denmark have been suspended. No time has yet been set for the resumption of flights.

“Following an alert about a bomb at Billund airport, police in southeast Jutland have arrested a man,” Danish police said in a statement.

The airport website highlights several cancelled flights that were due to leave in the early afternoon, to Amsterdam, Frankfurt and Barcelona.

Police are investigating whether there is a link between this bomb threat and the bombing of an ATM in Billund at around 04:00 am (0200 GMT) on Saturday.

Billund airport is near the headquarters of the manufacturer of Lego toy bricks and the Legoland theme park.

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