SAS achieves monthly profit for first time in 2023

SAS has reported a positive monthly result for the first time this year in May, registering a surplus of 377 million Swedish kronar, equivalent to 250 million Danish kroner. This marks a positive start to the summer season for the Scandinavian airline. The figures come from the monthly report that SAS is required to publish during its bankruptcy protection process. While the report shows the bottom line, it does not disclose specific posts, making it difficult to pinpoint the exact reasons for the surplus. However, aviation analyst Jacob Pedersen from Sydbank suggests that the dollar exchange rate has provided some technical tailwind for SAS, given that the accounts are in Swedish crowns.