Newspaper Dagens Naeringsliv (DN) reports that SAS faces an estimated NOK 1 billion liability in the form of frequent flyer benefits that it owes SAS EuroBonus members. And, “There have been signs that members of SAS’ frequent flyer program EuroBonus have been trying to redeem benefits while they can.”

Bottom line: As the report also indicated, EuroBonus can also be seen as an asset for the airline with miles to sell or the program to be spun off as a separate company from the airline.