SAS Q2 loss more than doubles as pilot strike weighs

Credit: Reuters Studio
Published on May 28, 2019 - Duration: 01:01s

SAS Q2 loss more than doubles as pilot strike weighs

Scandinavian airline SAS warned it would struggle to meet its full-year results forecast after posting a sharp rise in second-quarter pretax losses on Tuesday, as it counted the cost of a recent strike by pilots.

Ciara Lee reports

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SAS Q2 loss more than doubles as pilot strike weighs

As losses continue to soar, Scandinavian airline SAS says it will struggle to meet its full-year results forecast.

The carrier, which is still partly owned by Sweden and Denmark, is counting the cost of recent pilot strikes It had previously guided for a positive full-year result before tax.

SAS has been struggling in the face of high fuel prices and cut-price competition from the likes of Norwegian Air and Ryanair It's also been renewing its aging fleet and restructuring to slash costs.

The company said second quarter pre-tax loss was $127.4 million SAS cancelled around 4,000 flights between April 26 and May 3 as pilots demanding better pay and working conditions went on strike That disrupted the travel plans of around 370,000 customers.

Wage increases eventually agreed with pilots will in total increase net pilot costs across Scandinavia by 5.4% over the coming three years

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