SAS Q2 results showcase restructuring “steady progress”

SAS has released second quarter results for 2024, with the airline highlighting its increase in passengers alongside “steady progress” with its restructuring agreements. The airline reported revenue of 9,994 Million SEK (MSEK) ($956 million) for February to April 2024, up from 8955 MSEK ($856 million) in the same quarter last year. Operating income was still negative in this quarter, however it has improved from -3,620 MSEK (-$346 million) last year to -2,687 MSEK (-$256 million). Currency-adjusted passenger revenue rose 11%, which SAS said was a result of “higher scheduled capacity (ASK)”. The number of passengers traveling with SAS during the