Alsie Express posts 1.51 million DKK loss despite 21.5 million DKK donation

Alsie Express recorded a net loss of 1.51 million DKK for fiscal year 2025/26 even though it received a 21.5 million DKK donation from the Bitten & Mads Clausens Foundation.

During the same period negative equity increased from 10.8 million DKK to 12.3 million DKK, the airline said its share capital was exhausted and it is looking for ways to rebuild equity; Air Alsie, its sister company, issued a support statement and both carriers belong to Sandma Holdings, with Alsie Express operating as a virtual airline using Air Alsie's crews and operational staff.