SAS, the loss widens after the pilots’ strike

SAS the loss widens after the pilots strike

(Finance) – Scandinavian Airlines (SAS)the national airline of Denmark and Sweden, has registered enter amounting to 8,580 million Swedish kronor (approximately 812 million euros) in the period May-July 2022, up from 3,982 in the same period last year. There net loss was SEK 1,848 million (approximately EUR 175 million), an increase from last year’s SEK -1,336 million.

The company stressed that the results were “severely affected“from a 15-day pilot strike between July 4 and July 19, which caused traffic disruptions and the cancellation of approximately 4,000 flights affecting more than 380,000 passengers.

Compared to the previous quarter i passengers who flew with SAS increased by 30% and the load factor in flight it reached about 78%, an increase of 11 percentage points. There capacity it increased by 27% compared to the second quarter.

“Soon we enter the winter season and we remain cautious due to the uncertainties prevailing around the world. Traffic to and from Asia remains affected by the restrictions of COVID-19 and the geopolitical situation, “commented CEO Anko van der Werff.

“In view of the upcoming summer season, we are preparing for substantial recruitment and re-hiring which will be launched in order to meet the expected future growth in demand, “he added.

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