STOCKHOLM— Scandinavian airline SAS said Wednesday it sees
encouraging signs of travel increasing that it still faces
"headwinds" from the global pandemic as it reported a narrower net
loss.
اضافة اعلان
The carrier reported a net loss of 1.36 billion Swedish kronor for the
period of May to July, down from a net loss of 2.37 billion for the same period
a year earlier.
"We noted encouraging signs during the summer season with demand slowly
increasing," CEO Anko van der Werff, who took over the reins in July, said
in a statement.
"Vaccination rates are also rising, but significant
challenges remain
ahead as new cases of the Delta variant are multiplying and delaying
ramp-up," van der Werff added, noting that "imposed travel
restrictions remain in force."
Revenue rose to 3.98 billion kronor, from 2.5 billion a year earlier, the
company said, driven mainly by increased demand, but the company noted this was
still 70 percent below the same quarter of 2019, which was unaffected by
COVID-19.
After cutting 5,000 jobs last year — representing 40 percent of its
workforce — SAS announced in May this year an additional credit line of
three billion kronor from the Danish and Swedish governments, its main
shareholders, to get through the crisis.
Looking forward, the ailing airline said that "the ongoing Covid-19
pandemic, with its accompanying uncertainties, makes it difficult to provide
any guidance on the financial performance for the remainder of the fiscal
year."
Read more Business news
.jpg)
.jpg)
