Annual Report 2025

SAS FY25: Strong results, 28.3 million passengers and continued transformation

SAS’ Annual and Sustainability Report for FY25 presents a comprehensive overview of one of the most significant years in the company’s history, highlighting strong operational and financial performance, major strategic developments, and continued progress in customer experience and sustainability. The report covers key milestones such as the Air France–KLM ownership process, the largest fleet order in nearly 30 years, expanded global connectivity, world‑leading punctuality, and strengthened sustainability achievements — offering a clear view of SAS’ transformation and long‑term direction.