Pilot Strike, Delayed Aircraft Delivery Force SAS To Cancel 1,700 Flights: Reuters
Author: Akanksha Bakshi | August 19, 2022 07:50am
Reuters reported that a two-week pilot strike in July over collective agreements and delayed aircraft deliveries contributed to the Scandinavian airline SAS AB's (OTC:SASDY) decision to cancel 1,700 flights in the upcoming months.
According to SAS, 1,700 flights, or around 4% of all flights, had been canceled in September and October.
"It is the effects from the strike but also delayed deliveries of aircraft and some other factors," the report quoted a SAS spokesperson, adding that the company does not see lower demand.
Last week, SAS said it had agreed with American private equity company Apollo Global Management (NYSE:APO) to provide bridge funding during chapter 11 bankruptcy protection proceedings in the U.S.