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Our vision is to make life easier for Scandinavia's frequent traveler. With SAS you are a part of a community experiencing easy, joyful and reliable services, delivered the Scandinavian way. SAS is Scandinavia's leading airline with daily flights to destinations in Europe, USA and Asia. 
TypePublic
Founded1946
HQSolna, SE
Websitesasgroup.net

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Employees (est.) (May 2021)4,983(-28%)
Revenue (FY, 2019)KR46.7 B(+5%)
Share Price (May 2021)KR2
Cybersecurity ratingAMore

Key People/Management at SAS (Scandinavian Airlines)

Rickard Gustafson

Rickard Gustafson

CEO
Carsten Dilling

Carsten Dilling

Chairman
Oscar Stege Unger

Oscar Stege Unger

Member of the Board
Carina Malmgren Heander

Carina Malmgren Heander

Executive Vice President & Chief of Staff
Karl Sandlund

Karl Sandlund

Executive Vice President Commercial
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SAS (Scandinavian Airlines) Office Locations

SAS (Scandinavian Airlines) has an office in Solna
Solna, SE (HQ)
1 Frösundaviks allé
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SAS (Scandinavian Airlines) Financials and Metrics

SAS (Scandinavian Airlines) Revenue

SAS (Scandinavian Airlines)'s revenue was reported to be kr46.74 b in FY, 2019 which is a 4.5% increase from the previous period.
SEK

Revenue (Q1, 2020)

9.7b

Net income (Q1, 2020)

(861.0m)

EBIT (Q1, 2020)

(767.0m)

Market capitalization (7-May-2021)

14.8b

Closing stock price (7-May-2021)

2.0

Cash (31-Jan-2020)

6.6b
SAS (Scandinavian Airlines)'s current market capitalization is kr14.8 b.
Annual
SEKFY, 2017FY, 2018FY, 2019

Revenue

42.7b44.7b46.7b

Revenue growth, %

5%5%

Operating expense total

40.5b42.2b45.6b

Depreciation and amortization

1.6b1.8b1.9b
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

9.0b9.9b13.1b9.5b10.2b13.6b9.7b

Operating expense total

9.1b10.3b11.0b10.0b11.3b12.0b10.5b

Depreciation and amortization

353.0m374.0m404.0m419.0m455.0m548.0m1.4b

EBIT

(171.0m)(385.0m)2.1b(461.0m)(1.1b)1.6b(767.0m)
Annual
SEKFY, 2017FY, 2018FY, 2019

Cash

8.8b9.8b8.8b

Accounts Receivable

1.4b1.2b1.2b

Prepaid Expenses

403.0m431.0m446.0m

Inventories

321.0m401.0m346.0m
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

9.3b7.4b8.5b7.2b6.9b7.3b6.6b

Current Assets

12.7b11.9b12.0b10.4b10.3b10.6b9.9b

Total Assets

33.1b33.2b33.3b33.0b33.1b32.0b52.3b

Current Liabilities

13.5b18.4b15.8b15.3b16.7b15.7b19.0b
Annual
SEKFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

1.6b1.8b1.9b

Inventories

(9.0m)(79.0m)54.0m

Cash From Operating Activities

2.4b4.6b3.3b

Purchases of PP&E

(5.8b)(5.3b)(4.8b)
Quarterly
SEKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Depreciation and Amortization

353.0m727.0m1.1b419.0m874.0m1.4b1.4b

Cash From Operating Activities

184.0m2.6b3.7b(682.0m)1.7b2.1b555.0m

Cash From Investing Activities

(397.0m)(1.5b)(2.5b)(1.9b)(2.8b)(3.1b)(2.6b)

Long-term Borrowings

(250.0m)
SEKFY, 2017

EV/EBIT

3.8 x

EV/CFO

3.4 x

Revenue/Employee

3.7m

Debt/Equity

1.1 x

Debt/Assets

0.3 x

Financial Leverage

4 x

P/E Ratio

11.9
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SAS (Scandinavian Airlines) Operating Metrics

SAS (Scandinavian Airlines)'s Daily Flights was reported to be 789 in FY, 2019.
FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Passengers

30.44 m29.41 m28.88 m29.45 m30 m30.08 m29.76 m

Destinations

150125119118123125127

Aircraft Fleet

151156151156158157158

Daily Flights

791807805813817800789
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SAS (Scandinavian Airlines) Acquisitions / Subsidiaries

Company NameDateDeal Size
Sola Näringseiendom ASDecember 31, 2019
Estonian AirDecember 31, 2003
SAS BraathensDecember 31, 2001
Flesland Cargo ANS
Gorm Asset Management Ltd
Gorm Dark Blue Ltd
Gorm Deep Blue Ltd
Gorm Engine Management Ltd
Gorm Light Blue Ltd
Gorm Ocean Blue Ltd
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SAS (Scandinavian Airlines) Revenue Breakdown

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SAS (Scandinavian Airlines) revenue breakdown by business segment: 10.1% from Other operating, 6.3% from Other traffic , 75.9% from Passenger and 7.8% from Other

SAS (Scandinavian Airlines) Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

SAS (Scandinavian Airlines) Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

SAS (Scandinavian Airlines) Online and Social Media Presence

Embed Graph

SAS (Scandinavian Airlines) Blogs

SAS continues the campaign” What is truly Scandinavian”

SAS is a Scandinavian airline that brings travelers to, from and within Scandinavia, and we stand behind the message in the film that travel enriches us. We are proud of our Scandinavian heritage. It is part of SAS’ DNA and the foundation for our existence. We are now continuing the planned campaign…

SAS fortsätter kampanjen ”What is truly Scandinavian”

SAS är ett skandinaviskt flygbolag som flyger resenärer till, från och inom Skandinavien, och vi står för budskapet i filmen som handlar om att resor berikar oss. Vi är stolta över vårt skandinaviska ursprung. Det är en del av SAS DNA och grunden för vårt existensberättigande. Vi fortsätter nu den p…

SAS ’ commercial ”What is truly Scandinavian”

SAS is a Scandinavian airline that brings travelers to, from an within Scandinavia. We stand by the core message in the commercial, that travel enriches us.

Kommentar til SAS’ reklamefilm ”What is truly Scandinavian”

SAS er et skandinavisk flyselskab som transporterer folk til og fra og mellem landene i Skandinavien. Vi står bag budskabet i reklamefilmen, som handler om at rejser beriger os.

Med anledning av SAS reklamfilm ”What is truly Scandinavian”

SAS är ett skandinaviskt flygbolag som flyger resenärer till, från och inom Skandinavien. Vi står bakom budskapet i filmen som handlar om att resor berikar oss.

1,9 miljoner reste med SAS i januari

Antalet passagerare som reste med SAS ökade med 3,2 % jämfört med samma månad föregående år. Punktligheten ökade markant med närmare 14 procentenheter och regulariteten var på en fortsatt hög nivå.
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SAS (Scandinavian Airlines) Frequently Asked Questions

  • When was SAS (Scandinavian Airlines) founded?

    SAS (Scandinavian Airlines) was founded in 1946.

  • Who are SAS (Scandinavian Airlines) key executives?

    SAS (Scandinavian Airlines)'s key executives are Rickard Gustafson, Carsten Dilling and Oscar Stege Unger.

  • How many employees does SAS (Scandinavian Airlines) have?

    SAS (Scandinavian Airlines) has 4,983 employees.

  • What is SAS (Scandinavian Airlines) revenue?

    Latest SAS (Scandinavian Airlines) annual revenue is kr46.7 b.

  • What is SAS (Scandinavian Airlines) revenue per employee?

    Latest SAS (Scandinavian Airlines) revenue per employee is kr9.4 m.

  • Who are SAS (Scandinavian Airlines) competitors?

    Competitors of SAS (Scandinavian Airlines) include IndiGo, Aena and British Airways.

  • Where is SAS (Scandinavian Airlines) headquarters?

    SAS (Scandinavian Airlines) headquarters is located at 1 Frösundaviks allé, Solna.

  • Where are SAS (Scandinavian Airlines) offices?

    SAS (Scandinavian Airlines) has an office in Solna.

  • How many offices does SAS (Scandinavian Airlines) have?

    SAS (Scandinavian Airlines) has 1 office.