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SAS reports $127.38 million net loss for August
By Sarah Lizee
Olympia, Wash., Sept. 27 – SAS AB and its affiliates reported a $127.38 million net loss on $341.69 million total operating revenue for August, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.
The companies had $554.21 million in cash and cash equivalents as of Aug. 31.
SAS is Scandinavia’s leading airline, with main hubs in Copenhagen, Oslo and Stockholm. The company filed bankruptcy on July 5 under Chapter 11 case number 22-10925.
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