Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SAS AB > News item |
SAS debtors report $124.21 million net loss for March
By Sarah Lizee
Olympia, Wash., April 29 – SAS AB and affiliated debtors reported a $124.21 million net loss for March on $344.46 million of total operating revenue, according to a monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, the debtors reported a $75.69 million net loss for February on $288.04 million of total operating revenue.
The debtors had $591.6 million in cash and cash equivalents at the end of March, up from $525.62 million at the end of February.
SAS is Scandinavia’s leading airline, with main hubs in Copenhagen, Oslo and Stockholm. The company filed bankruptcy on July 5, 2022 under Chapter 11 case number 22-10925.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.