Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. SAS AB (publ)
  6. News
  7. Summary
    SAS   SE0003366871

SAS AB (PUBL)

(SAS)
  Report
Delayed Nasdaq Stockholm  -  11:29 2022-11-30 am EST
0.6056 SEK   -2.32%
06:19aEuropean Midday Briefing: Stocks Firmer as Eurozone Inflation Drops
DJ
04:28aSas : Interim report Q4 2022
PU
04:00aTranscript : SAS AB, Q4 2022 Earnings Call, Nov 30, 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

SAS tweaks leases for 36 aircraft to cut costs

10/05/2022 | 02:38am EST

STOCKHOLM, Oct 5 (Reuters) -

Crisis-hit airline SAS said on Wednesday it had reached agreements with 10 of its lessors representing 36 aircraft to amend the terms of existing lease contracts.

The Scandinavian carrier said in a statement the tweaked agreements constituted an important step in reconfiguring its fleet and achieving a plan to save 7.5 billion Swedish crowns ($690 million) annually by 2026.

"Through the amended lease agreements, SAS is well on track in achieving the targeted annual cost savings of at least 850 million Swedish crowns to 1.0 billion in reduced aircraft lease and capital costs," it said.

Long-struggling SAS, ravaged by the pandemic and pressured by low-cost rivals, sought bankruptcy protection in the United States in July. It has said reducing costs for unused leased planes has been a key component of its savings plan.

It said on Wednesday it intended to continue negotiations with some of its other lessors. ($1 = 10.8699 Swedish crowns) (Reporting by Anna Ringstrom, editing by Stine Jacobsen and Terje Solsvik)


ę Reuters 2022
All news about SAS AB (PUBL)
06:19aEuropean Midday Briefing: Stocks Firmer as Eurozone Inflation D..
DJ
04:28aSas : Interim report Q4 2022
PU
04:00aTranscript : SAS AB, Q4 2022 Earnings Call, Nov 30, 2022
CI
03:02aSAS 4Q Net Loss Widened on Jet Fuel Costs, Currency Effects
DJ
02:39aAirline SAS' August-October pretax loss widens to 1.7 billion SEK
RE
02:07aAirline SAS' August-October pretax loss widens
RE
02:06aQ4 2022 : The transformation plan progresses and important goals are reached
AQ
02:05aSAS AB Reports Earnings Results for the Fourth Quarter and Full Year Ended October 31, ..
CI
11/24Sweden's SAS to Start Flying to New York City's JFK Airport From Denmark
MT
11/24Sas : Opens new route to jfk airport in new york
PU
More news
Analyst Recommendations on SAS AB (PUBL)
More recommendations
Financials
Sales 2022 32 041 M 3 030 M 3 030 M
Net income 2022 -4 747 M -449 M -449 M
Net Debt 2022 50 959 M 4 819 M 4 819 M
P/E ratio 2022 -0,90x
Yield 2022 -
Capitalization 4 505 M 426 M 426 M
EV / Sales 2022 1,73x
EV / Sales 2023 1,53x
Nbr of Employees 6 326
Free-Float 51,8%
Chart SAS AB (PUBL)
Duration : Period :
SAS AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAS AB (PUBL)
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 4
Last Close Price 0,62 SEK
Average target price 0,10 SEK
Spread / Average Target -83,3%
EPS Revisions
Managers and Directors
Anko van der Werff President & Chief Executive Officer
Erno HildÚn Chief Financial Officer & Executive Vice President
Carsten Dilling Chairman
Charlotte Svensson Chief Information Officer & Executive VP
Birgitta Monica Caneman Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SAS AB (PUBL)-51.39%426
SINGAPORE AIRLINES LIMITED9.62%25 646
DELTA AIR LINES, INC.-11.44%22 151
AIR CHINA LIMITED9.38%17 685
CHINA SOUTHERN AIRLINES COMPANY LIMITED-5.78%16 360
RYANAIR HOLDINGS PLC-15.21%15 204