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SAS

Airline SAS reports gigantic loss due to coronavirus

Scandinavian airline SAS says it has registered the biggest loss in the company’s history, due to a loss of trade resulting from the coronavirus.

Airline SAS reports gigantic loss due to coronavirus
Photo: Martin Sylvest/Ritzau Scanpix

The company’s results from November 2019 to October 2020 show a loss of 9.3 billion Swedish kronor (6.8 billion Danish kroner or 907 million euros).

The results were published early on Thursday.

In the previous accounting year, from November 2018 to October 2019, SAS posted a profit of 0.6 billion kronor (0.4 billion kroner or 58 million euros).

Covid-19 is the primary reason for the disastrous annual result, CEO Rickard Gustafson said.

“SAS is naturally no exception (from the coronavirus crisis), and our revenues in the current quarter and accounting year were badly affected by the ongoing pandemic,” Gustafson said.

Although demand improved during the summer, the return of high levels of infection spread in September and October and subsequent travel restrictions impacted the company.

READ ALSO: Sweden and Denmark dig deeper to save SAS

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SAS

‘We agree to disagree’: Still no progress in marathon SAS strike talks

By lunchtime on Friday, talks between the Scandinavian airline SAS and unions representing striking pilots were still stuck on "difficult issues".

'We agree to disagree': Still no progress in marathon SAS strike talks

“We agree that we disagree,” Roger Klokset, from the Norwegian pilots’ union, said at lunchtime outside the headquarters of the Confederation of Swedish Enterprise in Stockholm, where talks are taking place. “We are still working to find a solution, and so long as there is still some point in continuing negotiations, we will do that.” 

Mats Ruland, a mediator for the Norwegian government, said that there were “still several difficult issues which need to be solved”. 

At 1pm on Friday, the two sides took a short break from the talks for lunch, after starting at 9am. On Thursday, they negotiated for 15 hours, breaking off at 1am on Friday morning. 

READ ALSO: What’s the latest on the SAS plane strike?

Marianne Hernæs, SAS’s negotiator on Friday told journalists she was tired after sitting at the negotiating table long into the night. 

“We need to find a model where we can meet in the middle and which can ensure that we pull in the income that we are dependent on,” she said. 

Klokset said that there was “a good atmosphere” in the talks, and that the unions were sticking together to represent their members.

“I think we’ve been extremely flexible so far. It’s ‘out of this world’,’ said Henrik Thyregod, with the Danish pilots’ union. 

“This could have been solved back in December if SAS had not made unreasonable demands on the pilots,” Klokset added. 

The strike, which is now in its 12th day, has cost SAS up to 130m kronor a day, with 2,550 flights cancelled by Thursday, affecting 270,000 passengers. 

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