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Severe turbulence continues for SAS shares

Sebastian Haw
April 17th, 2023


This article is more than 1 year old.

Shares bounce back, but doubt remains whether SAS could still fall out of the sky

With a profit of DKK 286 million, SAS is coming out of the red (photo: SAS)

SAS shares shot up 20 percent today after taking a 29.1 percent nosedive last week to 0.16 kroner, DR reports.

The plummet follows rumours the airline could be delisted, as the CPH Post wrote last week

After going into an apparent death spiral, however, the shares today recovered after SAS announced that it does not intend to utilise the second instalment of a loan of 4.7 billion kroner from Apollo Global Management because it has “no need for further liquid assets” for the moment.

The US capital fund was expected to take control and keep the Danish state onboard as a minority stakeholder.

READ ALSO: SAS shares falling out of the sky amid rumours airline could be delisted

Stormy skies ahead
While SAS seems to be regaining altitude with today’s good news, its problems are far from over.

Its finances so far this year have not impressed, and the memory of last summer’s pilot strike still lingers.

Many analysts believe that the takeover is inevitable given the poor performance and continuing issues.

The question could be how long, they concur, rather than whether SAS will be able to ride this storm.


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”