Originally Posted by GUWonder

There is probably still going to be a large amount of debt to service relative to SAS’s size even after the re-capitalization. That debt and a few other economic realities are going to limit SAS’s ability to get too aggressive with expansion. Rather I am betting that this will turn out to be a game of capacity discipline and more concentrated channeling of traffic via AMS/CDG/CPH and relatively less via ARN. This change to the competitive landscape should benefit AY and help AY’s financials too.

I think Finnair must be happy that there will be more intra-industry coordination coming into the neighborhood, especially as one behemoth airline grabbing this much of a separate airline in the same geography acts as a reduction of competition in the market — and that is something that benefits the remaining suppliers in the market at the expense of consumers.