The last two years have been the most challenging in the history of the aviation industry whilst the future remains unpredictable.
To meet this new reality SAS presented a long-term plan "SAS FORWARD" with 7,5 Billion SEK in cost savings to secure competitiveness. The success of SAS FORWARD is relying on all stakeholders' participation including all employee groups.
Therefore, it's worrisome that the pilot unions after the second day of negotiations chose to walk out of the negotiation room. By doing so, they are putting the entire company at stake, including thousands of colleagues' jobs and careers.
SAS is in a more severe situation than ever, but we owe our lenders, owners, employees, and not the least our customers - as well Danish and Swedish taxpayers - to secure a place for SAS on the future market. We can only do this by moving forward with a plan that ensures a future competitive SAS.
We have a difficult journey in front of us, but we fully believe the SAS FORWARD plan is the right way forward to give us a solid financial platform that will ensure a strong, competitive and sustainable SAS for many years to come.
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SAS AB published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 19:27:00 UTC.
SAS AB, also known as Scandinavian Airlines System, is a Sweden-based airline company. The Company's core business is operating passenger flights flights to, from and within Scandinavia. Additionally, The Company provides such services air Cargo, which provides postal and air freight services to, from and within Scandinavia, and SAS Ground Handling, which is handling provider at airports in Copenhagen, Oslo and Stockholm and provides passenger, cargo and ramp services for SAS and other airlines. The Groupâs operations are reported as one operating segment, which is consistent with the internal reporting to the Chief Operating Decision Maker (CODM), which is defined as SAS Group Management, has strategic responsibility for allocating resources, primarily in terms of aircraft capacity to the various route sectors, and prepares decision data ahead of strategic Board decisions.
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