{"id":237862,"date":"2021-03-18T07:00:00","date_gmt":"2021-03-18T06:00:00","guid":{"rendered":"http:\/\/www.travelreport.se\/?p=237862"},"modified":"2024-02-02T12:53:32","modified_gmt":"2024-02-02T12:53:32","slug":"huge-loss-for-mix-and-stordalen-airlines-during-the-premiere-year","status":"publish","type":"post","link":"https:\/\/www.travelreport.se\/en\/jatteforlust-for-mix-och-stordalens-flygbolag-under-premiararet\/","title":{"rendered":"Huge loss for Mix and Stordalen airlines during the first year"},"content":{"rendered":"
\"\"
Photo:ving.se<\/figcaption><\/figure>\n\n\n\n

Charter company Ving's airline Sunclass Airlines, owned by Petter Stordalen and Harald Mix, among others, made a loss of SEK 648 million after tax in its first year. However, the company does not need any further capital injection from the owners, the CEO assures.<\/p>\n\n\n\n

At the end of October 2019 \u2013 just months before the corona pandemic hit \u2013 Petter Stordalen, together with Harald Mix's venture capital company Altor and TDR Capital, took over the charter company Ving after the parent company Thomas Cook went bankrupt.<\/p>\n\n\n\n

The airline operations were placed in the new company Sunclass Airlines, which has now released figures for 2020, writes the Danish business newspaper. The Stock Exchange<\/a>. The fiscal year consists of the first eleven months since the company was founded, up to and including September 2020.<\/p>\n\n\n\n

The pandemic contributed to the loss amounting to 475 million Danish kronor, equivalent to 648 million Swedish kronor. Sunclass Airlines reports the figures in Danish kronor as its headquarters are located outside Copenhagen.<\/p>\n\n\n\n

Revenues amounted to just over 2 billion Swedish kronor, while operating profit was minus 720 million Swedish kronor. Equity was minus 476 million Swedish kronor.<\/p>\n\n\n\n

Sunclass Airlines CEO Torben \u00d8stergaard says there are plenty of uncertainties in the short term, but that the company could be back at \u201dpretty much full capacity in July.\u201d If the statement is correct, the company will not need any further capital injection from the owners.<\/p>\n\n\n\n

\u201d"We have liquidity in place. Right now there is no need for more money," Torben \u00d8stergaard tells B\u00f8rsen.<\/p>\n\n\n\n

A total of 728,268 passengers flew with Sunclass Airlines last year. 96 percent of the trips were made in the first five months, before the pandemic broke out, writes\u00a0E24<\/a>.<\/p>\n\n\n\n

Before the pandemic shut down air traffic, the sandstorm in the Canary Islands a year ago was also described as costly for the company.<\/p>\n\n\n\n

Petter Stordalen's company Strawberry Group and Harald Mix's venture capital company Altor each own 40 percent of the company, while the British venture capital company TDR Capital owns 20 percent.<\/p>\n\n\n\n

Source: di.se<\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

Charterbolaget Vings flygbolag Sunclass Airlines, som \u00e4gs av bland annat Petter Stordalen och Harald Mix, gjorde en f\u00f6rlust p\u00e5 648 miljoner kronor efter skatt under premi\u00e4r\u00e5ret. Bolaget beh\u00f6ver dock inget ytterligare kapitaltillskott fr\u00e5n \u00e4garna f\u00f6rs\u00e4krar vd:n. I slutet av\u00a0oktober 2019 \u2013 bara m\u00e5nader innan coronapandemin slog till \u2013 tog Petter Stordalen tillsammans med Harald Mix […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[3417,931,3142,524],"class_list":["post-237862","post","type-post","status-publish","format-standard","hentry","category-travel-report","tag-mix","tag-petter-stordalen","tag-sunclass-airlines","tag-ving"],"acf":[],"yoast_head":"\nJ\u00e4ttef\u00f6rlust f\u00f6r Mix och Stordalens flygbolag under premi\u00e4r\u00e5ret – Travel Report<\/title>\n<meta name=\"description\" content=\"J\u00e4ttef\u00f6rlust f\u00f6r Mix och Stordalens flygbolag under premi\u00e4r\u00e5ret \u2013 L\u00e4s senaste nyheterna fr\u00e5n resebranschen p\u00e5 Travel Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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