Sweden: SAS lost SEK 1.9 billion in the third quarter
NordenBladet – SAS suffered a loss of SEK 1.9 billion in the third quarter. The loss is largely due to the pilot strike, which cost the company SEK 1.4 billion.
SAS presented the results for the period 1 May to 31 July on Friday morning. The company records a loss of SEK 1.9 billion. The result last quarter was minus 1.6 billion Swedish kroner.
In the wake of the corona pandemic, large parts of the airline industry have struggled to rebuild their business. For SAS, this has meant that they had to cut 4,000 flights out of a total of 75,000 in this year’s summer programme. Then came the strike.
– I truly apologize to all our customers and partners who were affected by the traffic disruptions, writes SAS’ CEO Anko Van der Werff.
SAS Scandinavia’s pilot associations went on strike between 4 and 19 July. Around 4,000 flights were cancelled, and more than 380,000 passengers were affected by the strike, reports SAS.
The loss is even greater than analysts predicted ahead of the week’s results.
There was generally a stable demand for travel in the summer quarter, and SAS experienced an increasing number of passengers wanting to travel when the restrictions around the world were removed.
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