{"id":238119,"date":"2021-05-27T06:58:00","date_gmt":"2021-05-27T04:58:00","guid":{"rendered":"https:\/\/www.travelreport.se\/?p=238119"},"modified":"2024-02-02T12:53:04","modified_gmt":"2024-02-02T12:53:04","slug":"swedish-and-danish-governments-ready-to-provide-billions-in-aid-to-sas","status":"publish","type":"post","link":"https:\/\/www.travelreport.se\/en\/svenska-och-danska-staten-redo-ge-miljardstod-till-sas\/","title":{"rendered":"Swedish and Danish governments ready to provide billions in support to SAS"},"content":{"rendered":"
\"\"
Photo: SAS<\/figcaption><\/figure>\n\n\n\n

SAS has secured support from its main owners, the Danish and Swedish states, to gain access to a credit line totaling SEK 3 billion.\u00a0<\/p>\n\n\n\n

The credit line is intended to create a liquidity buffer and, according to SAS, should be seen as a complement to the airline's ongoing activities with cost savings and other liquidity-enhancing measures. The credit line must be designed in accordance with EU state aid rules.<\/p>\n\n\n\n

\u201d"The ongoing COVID-19 pandemic has led to demand for air travel remaining at low levels for an extended period of time. Market conditions also make it difficult to predict how demand will develop ahead of the important summer season, when customers largely choose to book their tickets at short notice," SAS writes.<\/p>\n\n\n\n

SAS will present its interim report on Thursday. Danish Sydbank recently released an analysis in which the bank's long-time airline analyst Jacob Pedersen reiterated reservations and a relatively pessimistic view of the immediate future.<\/p>\n\n\n\n

Sydbank's forecast is that leisure travel could be back to almost normal levels by the end of 2022 or the beginning of 2023. For business travel, the recovery is likely to be significantly slower. Even in 2024 and 2025, the number of business trips is predicted to be 20 percent below the level that applied before Covid-19. This is a blow to SAS, which is strong in this area, the news agency Finwire reported from the analysis.<\/p>\n\n\n\n

Sydbank has pointed out in previous analyses how investors are not looking at the revenue side and the financial situation at SAS, but are acting on the euphoria of a reopening.\u00a0<\/p>\n\n\n\n

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

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

SAS har s\u00e4krat st\u00f6d hos huvud\u00e4garna, den danska och svenska staten, f\u00f6r att f\u00e5 tillg\u00e5ng till en kreditram uppg\u00e5ende till totalt 3 miljarder kronor.\u00a0 Kreditramen\u00a0\u00e4r till\u00a0f\u00f6r att skapa en likviditetsbuffert och ska enligt SAS ses som ett komplement till flygbolagets p\u00e5g\u00e5ende aktiviteter med kostnadsbesparingar och andra likviditetsst\u00e4rkande \u00e5tg\u00e4rder. Kreditramen m\u00e5ste utformas i enlighet med EU:s […]<\/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":[3466,85,200,3467],"class_list":["post-238119","post","type-post","status-publish","format-standard","hentry","category-travel-report","tag-danska-staten","tag-flyg","tag-sas","tag-svenska-staten"],"acf":[],"yoast_head":"\nSvenska och danska staten redo ge miljardst\u00f6d till SAS – Travel Report<\/title>\n<meta name=\"description\" content=\"Svenska och danska staten redo ge miljardst\u00f6d till SAS \u2013 L\u00e4s senaste nyheterna fr\u00e5n resebranschen p\u00e5 Travel Report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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