SAS CEO's salary: 12.8 million kronor

The airline SAS has gone through an economic crisis the past year. The CEO Anko van der Werff earned simultaneously 12.8 million kronor.

» Published: February 19 2025

SAS CEO's salary: 12.8 million kronor
Photo: Christine Olsson/TT

The SAS CEO's salary is revealed in connection with the company, which was previously listed on the stock exchange, now publishing its annual report, reports Norwegian E24. In addition to the annual salary, Anko van der Werff has also received a pension supplement of 4.7 million kronor.

The airline simultaneously increased its revenue during the year to 45.9 billion kronor, but the operating loss amounted to 2.1 billion kronor. The result before tax was indeed a profit of 1.7 billion kronor, but this is linked to write-downs of loans in connection with SAS' Chapter 11 proceedings in the USA, where the company underwent a form of reconstruction.

"Our financial result improved and the number of passengers increased last year, but the restructuring processes in the USA and Sweden had a significant impact on costs. The operating result for the 2024 financial year is therefore not representative of our ongoing operations," the airline writes according to E24.

Tags

TTT
By TTTranslated and adapted by Sweden Herald

More news

Debt Cases Drop in Sweden but Total Debt Rises Sharply
1 MIN READ

Debt Cases Drop in Sweden but Total Debt Rises Sharply

Stellantis Withdraws Financial Guidance Amid Trump's Trade Tariffs Impact
1 MIN READ

Stellantis Withdraws Financial Guidance Amid Trump's Trade Tariffs Impact

SBAB Increases Market Share in Mortgage Lending
1 MIN READ

SBAB Increases Market Share in Mortgage Lending

European Market Challenges Impact Evolution's Q1 Casino Earnings
1 MIN READ

European Market Challenges Impact Evolution's Q1 Casino Earnings

Handelsbanken Surpasses Market Expectations with Strong Quarterly Profit
1 MIN READ

Handelsbanken Surpasses Market Expectations with Strong Quarterly Profit

Stock Markets Show Signs of Optimism Amid Tariff Concerns
3 MIN READ

Stock Markets Show Signs of Optimism Amid Tariff Concerns

Mixed Performance on Asia's Stock Markets
1 MIN READ

Mixed Performance on Asia's Stock Markets

China's Manufacturing Slows as Trade Tariffs Take Effect
1 MIN READ

China's Manufacturing Slows as Trade Tariffs Take Effect

Trump Justifies Tariffs on China, Says Beijing Will Bear the Cost
1 MIN READ

Trump Justifies Tariffs on China, Says Beijing Will Bear the Cost

Trump Defends Tariffs on China, Says Beijing Will Bear the Cost
1 MIN READ

Trump Defends Tariffs on China, Says Beijing Will Bear the Cost

Wall Street Indexes Rise as Companies Exceed Forecasts
1 MIN READ

Wall Street Indexes Rise as Companies Exceed Forecasts

Amazon Denies Plans to Impose Customs Duties on All Goods
1 MIN READ

Amazon Denies Plans to Impose Customs Duties on All Goods

US Trade Deficit Surges to Record 162 Billion Dollars in March
1 MIN READ

US Trade Deficit Surges to Record 162 Billion Dollars in March

SEB CEO Warns New Bank Tax Could Impact Loan Costs and Returns
1 MIN READ

SEB CEO Warns New Bank Tax Could Impact Loan Costs and Returns

Alfa Laval Stock Drops 3.8 Percent After Quarterly Report
1 MIN READ

Alfa Laval Stock Drops 3.8 Percent After Quarterly Report

Swedish Fashion Brand Filippa K Acquired by Oscar Jacobson
1 MIN READ

Swedish Fashion Brand Filippa K Acquired by Oscar Jacobson

Spotify Reports Strong Profit Growth but Shares Decline
3 MIN READ

Spotify Reports Strong Profit Growth but Shares Decline

Atlas Copco Reports Lower Than Expected Q1 Profit
1 MIN READ

Atlas Copco Reports Lower Than Expected Q1 Profit

Lufthansa Reports Increased Loss of 885 Million Euros in Q1 2025
1 MIN READ

Lufthansa Reports Increased Loss of 885 Million Euros in Q1 2025

Uber Employees Required to Work in Office Three Days a Week
1 MIN READ

Uber Employees Required to Work in Office Three Days a Week