SAS wins further government funds; posts Q2 2021 results

SAS has secured further financial support from the governments of Denmark and Sweden, and from shareholders, to boost the airline’s liquidity to allow it to ride out the fall in demand for air travel. SAS now has access to a SEK 3bn (approx. US$362 million) credit line, structured pursuant to the EU’s rules for state aid, which designed to create a liquidity buffer and is to be seen as a complement to other ongoing activities at SAS to reduce costs and strengthen liquidity. SAS has reported a continuing fall in revenue for the second quarter, February – April 2021 for