Airline SAS summons unions for talks on cost cuts, paper reports By Reuters

© Reuters. FILE PHOTO: A Scandanavian Airways, generally known as SAS, Airbus A320-200 airplane takes off from the airport in Palma de Mallorca, Spain, July 29, 2018. REUTERS/Paul Hanna

COPENHAGEN (Reuters) – Scandinavian service SAS has summoned its employees’ largest unions to negotiations as a part of the airline’s efforts to chop prices and enhance flexibility in its pandemic-hit enterprise, Danish every day Jyllands-Posten reported on Monday.

“The largest drawback for SAS is prices, in order that’s the place now we have to start out,” SAS Chief Govt Anko van der Werff instructed the paper. “Different airways have lower prices and may fly extra flexibly and effectively. We’d like to have the ability to try this, too.”

The negotiations may final three months, Jyllands-Posten reported.

Shares in SAS had been down 8.9% in early commerce on Monday.

Nordnet analyst Per Hansen stated the negotiations might be robust.

“After the strike in 2019, the pilots had been in a position to negotiate giant wage will increase for which SAS had no funds in any respect,” he stated in a be aware.

The airline, part-owned by the governments of Sweden and Denmark, has famous a gradual enhance in demand from leisure travellers through the summer time however enterprise journey has but to bounce again from the consequences of the COVID-19 pandemic.

“We’re not going to earn a living in 2022 and we can even have challenges with 2023,” Van der Werff instructed Jyllands-Posten. “The pandemic will have an impact for at the least three to 4 years, and that underlines the significance of us altering.”

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