Previous Close | 0.3042 |
Open | 0.3090 |
Bid | 0.3073 x 0 |
Ask | 0.3085 x 0 |
Day's Range | 0.3036 - 0.3100 |
52 Week Range | 0.3031 - 1.2990 |
Volume | |
Avg. Volume | 4,922,968 |
Market Cap | 2.233B |
Beta (5Y Monthly) | 0.94 |
PE Ratio (TTM) | 0.84 |
EPS (TTM) | 0.3660 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | May 11, 2017 |
1y Target Est | N/A |
Q4 2022 SAS AB Earnings Call
The approved credit agreement is a part of the airline's bankruptcy protection process and its terms will be substantially similar to those announced on Aug. 14, SAS said. Long-struggling SAS, ravaged by the pandemic and pressured by low-cost rivals, sought bankruptcy protection in July as pilots went on a two-week strike, hoping to emerge within nine to 12 months as a more competitive airline. Some analysts have said that Apollo could become a major shareholder in SAS by converting the loan to equity at the end of the Chapter 11 process.
Bankrupt Scandinavian airline SAS AB on Friday said it has received U.S. court approval for $700 million of debtor-in-possession (DIP) financing from funds managed by private equity firm Apollo Global Management. The approved credit agreement is a part of the airline's bankruptcy protection process and its terms will be substantially similar to those announced on Aug. 14, SAS said. Long-struggling SAS, ravaged by the pandemic and pressured by low-cost rivals, sought bankruptcy protection in July as pilots went on a two-week strike, hoping to emerge within nine to 12 months as a more competitive airline.