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They have been struggling for quite some time. They got hit quite bad with the grounding of 737 MAX (10% of fleet), and before that they a lot of issues with t
by vegardx 7y ago
They have been struggling for quite some time.
They got hit quite bad with the grounding of 737 MAX (10% of fleet), and before that they a lot of issues with the 787 Dreamliner (20% of fleet).
- hjnilsson 7y agoThey also signed a contract pegging fuel prices for the foreseeable future when oil price was $70. Several unlucky breaks in a row, I don’t really think it will be saved. SAS might though.
- tyfon 7y agoThey've also been "gearing" their business a lot using massive amounts of debt. They were extremely sensitive to changes in income.