SAS Announces Further Details on the SAS FORWARD Plan including a Financial Outlook
SAS AB (“SAS” or the “Company”) announces further details on its SAS FORWARD plan, including a financial outlook for the present fiscal year as well as a mid- to long-term financial outlook. The SAS FORWARD plan consists of two primary parts: a new business plan and a restructuring plan. The new business plan includes leveraging the SAS brand, achieving unit cost competitiveness, rightsizing the fleet, and building a sustainable future. Through the restructuring plan, SAS aims to reach agreements with key stakeholders, restructure the Company’s aircraft and non-aircraft debt obligations,