(News Bulletin 247) – The Scandinavian airline SAS reported Friday its first annual profit since 2019, thanks to passenger traffic at its highest since the start of the pandemic.
In the third quarter of the 2022-2023 fiscal year, the carrier posted a net profit of 461 million Swedish crowns, compared with a loss of 1.85 billion crowns over the same period of the previous financial year.
Its quarterly turnover reached 13.17 billion crowns, against 8.58 billion a year earlier, on the basis of traffic which almost reached the milestone of seven million passengers.
Over the first nine months of the financial year, that is to say at the end of July, SAS shows a net loss of 3.77 billion crowns, although reduced compared to the -5.81 billion published a year at the same time.
In its press release, the group says it is benefiting from continuing favorable trends in terms of reservations as the winter season approaches, which leads it to anticipate an increase in its capacity over the period.
Listed on the Stockholm Stock Exchange, the SAS title climbed 12% on Friday after the publication of these figures.
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