SAS Joins List of Airline Failures and Bankruptcies Since Pandemic’s Start
Photo Credit: SAS wants to use its bankruptcy to speed the renewal of its fleet. Copenhagen Airports / Michael Kidmose
Skift Take
The list of pandemic airline bankruptcies keeps growing even as travel bounces back faster than anticipated. But hundreds-of-millions-of-dollars in government aid didn't save SAS, which became the latest victim Tuesday.
One of Europe's largest airlines, SAS, filed for bankruptcy Tuesday, becoming the latest financial casualty in global aviation.
During the first few months following the onset of the Covid-19 pandemic in early 2020, the industry experienced a rash of bankruptcies. In some cases, these bankruptcies resulted in restructurings and, in others, they led to complete shutdowns.
The list would have been a lot longer were it not for huge amou
