SAS reports $94.57 million net loss for December

By Sarah Lizee

Olympia, Wash., Jan. 27 – SAS AB and affiliated debtors reported a $94.57 million net loss for December on $256.33 million of total operating revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

The cash balance at the end of the month for the debtors was $466.52 million.

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.

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