• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Summary: SAS AB Oct 11

  • ID: 1931747
  • October 2011
  • Standard & Poors

The rating on Sweden-based airline group SAS AB reflect the its participation in the price-competitive, cyclical, and capital-intensive airline industry; exposure to high fuel costs, which can be difficult to pass along to customers due to the competitive dynamics in the Scandinavian airline market; and weakening economic conditions. In addition, the rating takes into account SAS' adequate liquidity, extensive route network, and well-known brand in Scandinavia. In line with other airline operators in Europe, SAS' earnings have continued to show improvement over the past few quarters as a result of higher demand due to better macroeconomic conditions. Earnings also reflect the group's strong focus on costs, although this effect is somewhat offset by higher fuel costs. The earnings increase was...

Companies mentioned in this report are: SAS AB
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key READ MORE >

Note: Product cover images may vary from those shown


Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


Our Clients

Fluidigm Corporation Apple, Inc. CEVA Santé Animale Abbott Laboratories Ltd. Merck Group Allergan Inc. Pfizer, Inc.