0O1W.IL - SAS AB (publ)
| Previous close | 0.3242 |
| Open | 0.0000 |
| Bid | 0.0000 x N/A |
| Ask | 0.0000 x N/A |
| Day's range | 0.0000 - 0.0000 |
| 52-week range | |
| Volume | |
| Avg. volume | 300,096 |
| Market cap | 2.516B |
| Beta (5Y monthly) | 0.94 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.0700 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
ReutersAirline SAS's rescue moves closer as court clears fundraising plan
The court approval of the fundraising proposal - a key element of the "SAS Forward" rescue plan - means investors may start placing bids for a stake in the airline. An SAS spokesperson said the new procedure reflected court concerns in April about a requirement for bidders to accept the participation of Denmark - the airline's biggest shareholder alongside Sweden - in the equity raising. "That formal requirement has been removed," she said.
ReutersExclusive-Apollo seeks to take majority stake in SAS's Chapter 11 rescue plan - sources
COPENHAGEN/NEW YORK (Reuters) -U.S. asset manager Apollo Global Management Inc plans to apply for approval from Swedish and Danish regulators to take a majority stake in SAS AB as part of the Scandinavian airline's rescue plan, a source familiar with the matter said. The news of interest from the U.S. asset manager sent the embattled carrier's shares up as much as 14% in Wednesday morning trading. SAS has lost almost 60% of its value since it filed for Chapter 11 bankruptcy protection last July, seeking to slash costs and debt after wage talks with pilots collapsed.
ReutersAirline SAS seeks equity bids as part of bankruptcy proceedings
The embattled carrier filed for bankruptcy protection in the U.S. last year, as it sought to slash costs and debt amid strikes from pilots after wage talks collapsed. The airline, which earlier aimed to raise SEK 9.5 billion ($911.20 million) in equity financing, now said the final sum would be dependent on the bidding process and generation of additional liquidity by the airline. It expects "little or no recovery for subordinated unsecured creditors and only a modest recovery for general unsecured creditors due to anticipated debt reductions and the need for substantial new equity capital."
ReutersAirline SAS losses deepen, warns bankruptcy protection to drag out
STOCKHOLM (Reuters) -Crisis-hit Scandinavian airline SAS on Wednesday reported a much deeper loss in its August-October quarter than last year and said it will take longer than expected to complete its bankruptcy protection process. The long struggling carrier, which sought bankruptcy protection in July in the United States in a bid to slash costs and debt, said its fiscal fourth-quarter pretax loss grew to 1.70 billion Swedish crowns ($161 million) from 945 million. SAS, whose biggest owners are Sweden and Denmark, said in a statement it aimed to end its bankruptcy protection during the second half of 2023.
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ReutersExplainer-Why the survival of Scandinavian airline SAS hinges on Denmark
Swedish loss-making airline SAS is fighting for survival, the latest carrier to hit financial straits due to hefty debts, stiff competition and soaring costs, even as the travel industry recovers from the pandemic. SAS has said a restructuring plan announced in February depends on it raising 9.5 billion Swedish crowns ($946 million)in cash and converting 20 billion crowns of debt to equity. Denmark has said it is willing to increase its ownership and write off debt, but Sweden has refused to inject more money.