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SAS debtors report $144.82 million net loss for January
By Sarah Lizee
Olympia, Wash., March 8 – SAS AB and affiliated debtors reported a $144.82 million net loss for January on $262.97 million of total operating revenue, according to a monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
The debtors had $484.66 million in cash and cash equivalents at the end of January.
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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