SAS reports Chapter 11 “progress”; books Q2 profit

SAS has reported a “continued positive trend for passenger demand through the third quarter” with total passengers numbers up by 36.8%, compared to the same period last year which was impacted by a pilot strike. Year-on-year, SAS’ RPK increased 42.5%, while capacity increased 35.9%. The Scandinavian airline’s load factor of 81.5% was up 3.7 percentage points on the same period last year. SAS has also reported a54% increase in total operating revenue year-on-year, landing at SEK 13,173 million for the quarter. Earnings before tax (EBT) ended were SEK 457 million, representing an improvement of SEK 2,448 million, compared to same