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Airline SAS posts bigger Q2 loss, eyes end to restructuring
Global Banking & Finance Review®
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(Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and said on Thursday it intended to complete its financial restructuring during the summer of 2024.
(Reuters) – Scandinavian airline SAS posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and said on Thursday it intended to complete its financial restructuring during the summer of 2024.
(Reporting by Elviira Luoma, editing by Terje Solsvik)
Financial restructuring is a process that involves reorganizing a company's financial structure, often to improve its financial stability and operational efficiency. This can include renegotiating debts, selling assets, or changing the capital structure.
A pretax loss occurs when a company's expenses exceed its revenues before taxes are deducted. This indicates that the company is not profitable during the reporting period.
Corporate strategy refers to the overarching plan and direction a company takes to achieve its goals and objectives. It encompasses decisions about resource allocation, market positioning, and competitive advantage.
The aviation industry encompasses all aspects of air travel, including airlines, aircraft manufacturing, air traffic control, and airport operations. It plays a crucial role in global transportation and commerce.
Economic recovery is the phase in which an economy regains and surpasses its peak performance after a recession or downturn. It involves increased economic activity, employment, and consumer confidence.
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