SAS has reported better trading than expected in the first two months of the year giving a much-needed boost to its share price.
The Scandinavian carrier stated that the first two months of the year have been “trading above plans and SAS's cash position is substantially ahead of plan".
Last year, SAS made a loss of 1.6 billion crowns after a loss the previous year of 3.1 billion. The last time it made a full year profit was in 2007.
The airline has renegotiated loan covenants with banks to give it even greater financial flexibility although it stated that it does not expect to have to use its expanded facility.
SAS bullish on future performance
