The co-government owned airline (Danish and Swedish) SAS is on the brink of bankruptcy. After a Norwegian bank declared their 4.3 billion euro debt unsustainable they lost 20% of share value in one day. During the pandemic, SAS lost 80% of the value of its shares. In 2020, they fired 5,000 people (40% of the workforce) and received billions in financial support from the Danish and Swedish governments.
- The SAS pilots and cabin crew might go on strike on the 1st of April if the current negotiations fail.
- The SAS baggage handlers already went on strike for a few days last week. It was an “illegal strike” and they got an ultimatum, that they either come to work or get fired. Why? 10% salary cut last year.
