Airline

SAS reports Q1 2023 loss despite near-50% passenger increase

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SAS reports Q1 2023 loss despite near-50% passenger increase

Scandinavian Airlines (SAS) recorded a 2.7bn Swedish kroner (SEK: US$ 260 million) loss between November 2022 - January 2023 period, despite a 48% year-on-year surge in passenger numbers during the quarter (Q1 2023). Revenue came to over SEK 7.7bn for the period, with income before tax of minus SEK ...

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