The SAS Air Line Has Lost 15.7 Billion Swedish Kroner During The Pandemic
December 07, 2021
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Oslo, Norway (By Ahmed Tanveer): In the last two financial years, SAS has lost 15.7 billion Swedish kroner during the pandemic. Thus, the lifebuoy of 14 billion Swedish kroner, supplemented by the largest owners as recently as last year, led by the Swedish and Danish states, has also disappeared. SAS' net debt is also close to 27 billion Swedish kroner, while cash holdings at the end of October amounted to 4.3 billion Swedish kroner. SAS also received a government-guaranteed loan facility from the main owners of NOK 3 billion in the third quarter, which is unused. This may indicate that SAS is having a difficult time creating the necessary productivity improvements in the short term. Therefore, it is difficult to predict when SAS chooses to address capital requirements," Pedersen writes, and continues; "Of course, the best solution will be full earnings recovery, so that a SAS in good shape can raise capital in 2-3 years, but we don't have much likelihood now." The airline SAS is investing well for the winter season with over 150 routes to 90 destinations. That's at a time when airlines are losing money. In parallel, the spread of the mutated South African coronavirus, omikron, again sends dark clouds into aviation.(Please send your news, article, pictorial to our email address <editor@enewspaper.com.pk &WhatsApp +923132434567 / +923332100737PLEASE SEND YOUR COMMENTS Thanks)(facebook ID shujaullahk)https://www.facebook.com/Newspaper on Facebook:https://www.facebook.com/Enewspapercompk-182394028490643(twitter: KhanShujaullah)https://www.twitter.com/home(linkedin: shuja-ullah-khan)https://www.linkedin.com/feed/
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