SAS

The failure to agree a deal with the pilots' unions will see approximately 30000 passengers affected every day on domestic and international flights in ...

SAS CEO Anko van der Werff said the unions are demonstrating a “shockingly low understanding of the critical situation that SAS is in.” Hit hard by the pandemic, SAS has pinned its survival hopes on a comprehensive restructuring plan. Flights operated on a “wet lease” basis by Air Baltic, CityJet and XFLY are also unaffected.

STOCKHOLM (Reuters) -Wage talks between Scandinavian airline SAS and its pilots collapsed on Monday, triggering a strike that puts the future of the carrier ...

Neither would it affect SAS' external partners Xfly, Cityjet and Airbaltic, the company has said. "We blame this on SAS. We have finally realised that SAS doesn't want an agreement," SAS Pilot Group chairman Martin Lindgren told reporters. Shares in SAS fell 7% by 1128 GMT.

SAS is warning that industrial action by pilots is reckless and threatens the survival of the company, after it failed to avert a strike by cockpit crews.

“We are ready to resume mediation as soon as possible and we will do our utmost to reach an agreement that is viable to secure the long-term competitiveness and financial sustainability of the company,” says van der Werff. SAS is attempting to transform its business, under a scheme called ‘SAS Forward’, which includes slashing its cost base. If the action is prolonged, the company says, the financial and liquidity impact on the company “could become material”.

Some 900 pilots from airline SAS in Sweden, Denmark and Norway, are set to hold strike action after the company and the pilots' unions failed to reach an ...

SAS and unions had set a deadline of midday Monday to strike a deal. An information centre for affected passengers has been set up at Oslo Gardermoen Airport by SAS and Avinor, which operates Norwegian airports. The strike comes after the two parties agreed to extend the deadline for talks several times in the hopes of coming to an agreement.

Scandinavian airline SAS and pilots' unions in Norway, Denmark and Sweden have failed to reach an agreement to prevent a strike, meaning 900 pilots will be taken out on strike. SAS and unions had set a deadline of midday Monday to strike a deal.

“I’m devastated for the victims, their families, and everyone hurting. Many visitors were there for a concert with British singer Harry Styles at the nearby Royal Arena, which was cancelled. They were in a restaurant when it happened,” Hans Christian Stolz, a 53-year-old Swede who came to pick up his children, told AFP. “Denmark was hit by a cruel attack on Sunday night. Police said earlier today at a news conference that the 22 year-old had a history of mental health illness. Innocent families shopping or eating out,” Prime Minister Mette Frederiksen said in a statement. I’m sorry we couldn’t be together. “We could see that many people suddenly ran towards the exit and then we heard a bang,” Thea Schmidt, who was in the mall at the time of the attack told broadcaster TV2. “Then we ran out of Field’s too.” “All of a sudden we heard gunshots, I heard 10 shots, and we ran as far as we could to take refuge in the toilet,” Isabella told public broadcaster DR. He was taken to court by armed officers. According to police, the shooter was armed with a rifle, a pistol and a knife, and while the guns were not believed to be illegal, the suspect did not have a license for them. The police chief could not yet comment on a motive, but said there seemed to have been preparation ahead of the attack and that the 22-year-old suspect was not aided by anyone else.

STOCKHOLM, July 4 (Reuters) - Wage talks between Scandinavian airline SAS (SAS.ST) and its pilots collapsed on Monday, SAS' chief executive told reporters, ...

"The strike yields cancellations across the flight schedule and thousands of travellers are affected," SAS said in a statement. Unions have earlier estimated the number could be as high as 45,000. read more

Flight crew are demonstrating 'a shockingly low understanding of the critical situation that SAS is in', according to airline boss.

Start your Independent Premium subscription today. One of the unions involved, Svensk Pilotförening of Sweden, has long been calling for senior management to be replaced. By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

Pay talks between Scandinavian airline SAS and its pilots collapsed on Monday, triggering a strike that the company says puts the future of the airline at ...

Neither would it affect SAS's external partners Xfly, Cityjet and Airbaltic, the company has said. “We blame this on SAS," Pilot Group chairman Martin Lindgren said. Pay talks between Scandinavian airline SAS and its pilots collapsed on Monday, triggering a strike that the company says puts the future of the airline at risk.

The furious chief executive of Scandinavian Airlines (SAS) didn't mince words when he met reporters in Stockholm on Monday, just after SAS pilots in Norway, ...

Strikes and the costs they can incur for passengers are generally not covered by travel insurance, but SAS remains obligated to try to arrange alternative transportation on the first available flights. If SAS fails to get its passengers to their destinations, passengers can then book themselves into a hotel and demand refunds later, he added. There are many people in the company (who) do not want to go on strike, (who) want to look after our customers.” He noted how SAS, like many other companies, has suffered through “the worst pandemic of our lifetime” and “received lots of taxpayers’ money.” That angered pilots organized in various pilots’ unions in Denmark, Sweden and Norway. After marathon negotiating sessions that were extended three times hit a final noon deadline on Monday, they called a strike that’s pulling 900 SAS pilots out of the cockpit. “We are really devastated,” declared Anko van der Werff, calling it “shameful” that the pilots are ruining summer travel plans for tens of thousands of SAS passengers. The furious chief executive of Scandinavian Airlines (SAS) didn’t mince words when he met reporters in Stockholm on Monday, just after SAS pilots in Norway, Sweden and Denmark went ahead with their long-threatened strike.

Scandinavian Airlines (SAS) said on Monday that members of its pilots' unions were going on strike as the airline saw dozens of flights canceled by that ...

We invite you to join the discussion on Facebook and Twitter. A number of pilots had retired or been furloughed during that time period. “A strike at this point is devastating for SAS and puts the company’s future together with the jobs of thousands of colleagues at stake.

Talks between Scandinavian Airlines (SAS) and pilot unions have broken down, triggering strike action. A total of 900 pilots have been called to strike ...

In a statement today, SAS has advised that affected passengers will be contacted by SMS and email to inform them of their options. We hope we will be able to return to the negotiating table and meet, but it requires that the employer makes a move." The decision to go on strike now demonstrates reckless behavior from the pilots’ unions and a shockingly low understanding of the critical situation that SAS is in." SAS employees are working hard to help our customers that have been affected by this unfortunate situation." "We deeply regret that our customers are affected by this strike, leading to delays and canceled flights. Up to 50 % of the airline's flying schedule could be canceled as a result, impacting both domestic and international services.

SAS pilots are on strike canceling half of the flights and affecting up to 30000 passengers every day.

If you cancel and refund your ticket you are not entitled to delay services such as food, drinks, and accommodation. If your flight is delayed, we will inform you as soon as possible by SMS and through our app, based on the contact information in your booking. If you need accommodation (and you are unable to reasonably return home) we will reimburse you for mid-range overnight accommodations of up to 250 EUR per night and room. If you are rebooked to a flight that departs more than 24 hours of your original departure but cannot travel according to the new itinerary, you may book a ticket with another airline, take a train, bus, or rent a car. If you need to travel, for example if you are stranded on your destination, you may arrange alternative travel yourself and seek reimbursement from SAS. If we’re not able to rebook you on a new flight departing within the time frame of your original departure, you may book another airline ticket, take a train, bus or rent a car. Third parties usually charge a significant fee to help you with your claim, therefore it is more beneficial for you to make your claim directly with SAS. If you need accommodation (and you are unable to reasonably return home) we will reimburse you for mid-range overnight accommodations of up to 250 EUR per night and room. Passengers can rebook to a SAS flight on another date, within the next 360 days, to the same destination if the same service class as the original ticket is available. We are doing everything we can to help you with your trip and a rebooking process starts immediately. We will inform you as soon as possible by SMS and/or email based on the contact information in your booking. Everyone who has a flight booked is advised to check the status of their flight on the website before going to the airport as flight status information is frequently updated. Please check the criteria for rebooking your reservation under “Rebooking free of charge due to a potential pilot strike” on this page.

The walkout comes after weeks of negotiations between the airline and the union over pay and working conditions failed.

"We presume that the SAS Scandinavia pilots' unions realize what is at stake and choose to continue the work to find an agreement." For affected customers who cannot be moved to a flight with another airline can request a refund or move their trip to a later date. SAS employees are working hard to help our customers that have been affected by this unfortunate situation."

Members of the SAS Scandinavia pilots' unions have been called out on strike. The strike yields cancelations across the flight schedule and thousands of ...

Everyone who has a flight booked is advised to check the status of their flight on the website before going to the airport as flight status information is frequently updated. We presume that the SAS Scandinavia pilots’ unions realize what is at stake and choose to continue the work to find an agreement.” The strike is estimated to lead to the cancelation of approximately 50 % of all scheduled SAS flights and impact around 30,000 passengers per day.

DALLAS – Talks between SAS Scandinavian Airlines (SK) and its pilot unions have broken down, and up to 900 of its pilots will now strike with immediate ...

We hope we will be able to return to the negotiating table and meet, but it requires that the employer makes a move.” Anko van der Werff continued, “We are ready to resume mediation as soon as possible, and we will do our utmost to reach an agreement that is viable to secure the long-term competitiveness and financial sustainability of the company. Indeed, it is estimated that the walkout will cost the airline around 100m Swedish kronor (US$10m) each day.

SAS has filed for bankruptcy in the United States, warning strike action by pilots had impacted its financial position and liquidity.

"Management and the board want to make it absolutely clear for all stakeholders that the situation is very serious." The airline said on Tuesday its assessment was that it has sufficient liquidity to meet its business obligations in the near term. SAS needs to attract new investors and has said that in order to do that it must slash costs across the company, including for staff and for leased planes that stand idle because of closed Russian airspace and a slow recovery in Asia.

Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday, warning strike ...

"Management and the board want to make it absolutely clear for all stakeholders that the situation is very serious." "It doesn't mean anything for the normal operations. Register now for FREE unlimited access to Reuters.com SAS shares fell as much as 6% after the filing was announced, and were trading 2% lower at 0728 GMT. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

By Dominic Chopping STOCKHOLM--SAS AB said Tuesday that it has filed for chapter 11 bankruptcy protection in the U.S. as it seeks to push through its...

The board has concluded that legal tools are required to make progress in our ongoing negotiations with key stakeholders, and ultimately to succeed in making SAS a competitive and financially strong business," he said. The board has concluded that legal tools are required to make progress in our ongoing negotiations with key stakeholders, and ultimately to succeed in making SAS a competitive and financially strong business," he said. Aside from flight disruptions due to the strike, SAS said it will continue to fly throughout the chapter 11, while reservations, customer service and loyalty programs will continue as normal. "SAS has... "SAS has... STOCKHOLM--SAS AB said Tuesday that it has filed for chapter 11 bankruptcy protection in the U.S. as it seeks to push through its comprehensive financial restructuring to cut costs and raise capital under the supervision of the U.S. court system.

Scandinavian airline SAS AB filed for Chapter 11 to tackle its debt burden for a second time in two years as the recovery from the disruption caused by the ...

Scandinavian operator SAS has voluntarily filed for US Chapter 11 bankruptcy protection, as part of its efforts to push through a comprehensive ...

Under the restructuring SAS aims to achieve annual cost reductions of around SKr7.5 billion and raise at least SKr9.5 billion in new equity. It has also obtained support – to varying extents – from the Swedish, Danish and Norwegian governments. Through the court-supervised process it aims to reach agreements with its main stakeholders, restructure its debts and reconfigure its aircraft fleet.

Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday, warning strike ...

"Management and the board want to make it absolutely clear for all stakeholders that the situation is very serious." "It doesn't mean anything for the normal operations. SAS shares fell as much as 6% after the filing was announced, and were trading 2% lower at 0728 GMT (0228 a.m. ET)

The news has arisen just after the airline's pilots voted in favor of strike action.

In announcing its chapter 11 filing, SAS was keen to underline that the procedure won't directly impact its day-to-day operations in terms of its flight schedule. To understand SAS's decision to file for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of New York, it is important to establish the nature of its SAS FORWARD plan. "The purpose of the filing is to accelerate SAS’ transformation by implementing key elements of its SAS FORWARD plan.

Pilots walked off the job at SAS Scandinavian Airlines on Monday and one financial analyst warned the results could be catastrophic for the airline.

The airline is attempting to restructure and is in no mood to agree to big pay increases. Living costs are rising fast in Europe, and SAS pilots, already working harder than ever, are also not in a mood to back down. Instead, he's dealing with a strike and tens of thousands of inconvenienced passengers. Tensions between pilots and SAS Scandinavian Airlines management have run high recently as pay negotiations have failed to get traction. In the wake of Monday's snap strike, the finger-pointing has begun, with SAS management and SAS Pilot Group each blaming the other for the strike. The strike is expected to see half the airline's daily flights canceled, impacting around 30,000 passengers daily.

Scandinavian Airlines has filed for bankruptcy protection as it warned a crippling pilots' strike was deepening its long-running financial troubles.

Scandinavian Airlines has filed for bankruptcy in the United States, warning the announcement of a strike by 1000 pilots a day earlier had put the future of ...

The pilots reacted strongly to the news. The Stockholm-based group said it had “voluntarily filed for chapter 11 in the U.S., a legal process for financial restructuring conducted under U.S. federal court supervision.” COPENHAGEN, Denmark -- Scandinavian Airlines on Tuesday filed for bankruptcy in the United States, warning the announcement of a strike by 1,000 pilots a day earlier had put the future of the carrier at risk.

SAS and its subsidiaries have voluntarily filed for chapter 11 in the U.S. for financial restructuring conducted under U.S. federal court supervision.

The board of directors and management continue to run the Company and the restructuring process is overseen by a U.S. federal court. As part of these motions, the Company has requested authority from the Court to continue honoring its customer programs in the ordinary course. To ensure the Company has sufficient funds to complete its restructuring, the Company is in well advanced discussions with a number of potential lenders with respect to obtaining additional debtor-in-possession (“DIP”) financing for up to USD 700 million (the equivalent of approximately SEK 7.0 billion) to support its operations. The process provides the Company time and flexibility to reorganize its capital structure, reduce costs, and complete a financial restructuring under the supervision of the U.S. court system. As is typical in chapter 11 proceedings, the Company has filed a number of routine motions seeking court authorization to continue to support its business operations during the court-supervised process, including the continued payment of employee wages and benefits without interruption. SAS’ assessment is that it has sufficient liquidity, including SEK 7.8 billion in cash as of June 30, 2022, to meet its business obligations in the near term. SAS has made progress in these efforts, having identified the vast majority of the SEK 7.5 billion in reduced annual costs, continued to invest in its digital capacities and sustainability efforts, and received support from the Swedish, Danish and Norwegian governments. As previously announced, a major part of the new equity capital is expected to be sought from new investors. “We have been working closely with the SAS management team to progress SAS FORWARD. As part of that process, SAS has also been preparing for the option to utilize court restructuring proceedings in order to address the Company’s financial situation. SAS FORWARD was launched to secure long-term competitiveness for SAS in the global aviation industry through a full transformation of its business. These steps are consistent with SAS’ announcement on May 31, 2022, that SAS FORWARD involves complex multiparty negotiations and that the Company might seek to utilize one or more court restructuring proceedings designed to assist in the resolution of SAS’ financial difficulties and help accelerate the implementation of SAS FORWARD. SAS expects to complete its court-supervised process in the U.S. in 9-12 months.

SAS, the Scandinavian airline, files for bankruptcy protection after pilots strike. The carrier's woes are part of a summer full of problems for Europe's travel ...

Brussels Airlines, a unit of Germany’s Lufthansa, said on Monday it would cancel about 6 percent of scheduled flights in July and August, to avoid strikes and reduce workloads. The airline saidPeter Bellew, the company’s chief operating officer, had resigned and would “pursue other business opportunities.” Crews based in Spain have called for several days of strikes this month at easyJet as well as its low-cost rival, Ryanair. Airports across Europe have been scenes of long lines of unhappy passengers, eager to travel after years of pandemic lockdowns. It expected to emerge from the process in nine to 12 months. SAS’s stock price fell about 15 percent Tuesday, extending a 5 percent decline the day before. It said it was in discussions with potential lenders who could provide $700 million in financing to support operations through the Chapter 11 process.

Take an already fraught air travel landscape and add labor unrest, and you've got a summer of travel headaches.

Last week, American Airlines offered its pilots pay raises of nearly 17% in a new contract. And in Spain, staff at the budget carrier Ryanair have announced they will be striking for 12 days in July in an effort to secure better work conditions. The airline is blaming the pilots union for service disruptions.

Scandinavian Airlines (SAS) pilots are on strike following the failure to agree terms with the airline. Here's everything you need to know about the strike.

“We are making progress, but there is still a lot of work to do and the ongoing strike has made an already challenging situation even more difficult,” said the airline. We will therefore encourage the pilots to end the strike and participate constructively as part of this process,” he said. We are just reporting on the situation. The bad news is that many aviation industry insiders have predicted the industrial action will run for a long time. Flights operated on behalf of SAS by CityJet, Air Baltic and XFLY are also unaffected by the strike. Just 24 hours after the beginning of the strike, SAS applied for the so-called ‘chapter 11' bankruptcy protection in the USA. There is also a phone line available for stranded passengers who are stuck in their destination following the cancellation of a flight home. Hit hard by the pandemic, SAS had pinned its survival hopes on a comprehensive restructuring plan. SAS will rebook passengers to alternative flights if available. Here's everything you need to know about the strike and how it will affect your travel plans. This may indicate if your flight is likely to be cancelled. All the signs point to a conflict that may last some time, so many more people could soon face travel disruption.