SAS Cancels Flights Through Tuesday Amid Strike; Shares Fall

(Bloomberg) -- SAS AB is canceling more flights on Monday and Tuesday because of the ongoing pilot strike, the airline said in statement on Sunday.

• Shares in the carrier fell as much as 5.5 percent after the market opened on Monday morning, before recouping some of those losses to trade down about 3 percent by 10 a.m. in Stockholm.
• The strike will affect an additional 61,000 passengers on Monday when 667 flights are canceled across Scandinavia, while on Tuesday 49,000 passengers and 546 departures will be affected.
• SAS is seeking to reach a solution as quickly as possible to prevent additional inconvenience for travelers, it said.
• Flights operated by SAS’s partners won’t be affected by the strike.
• The flight cancellations started on April 26. SAS has now canceled more than 2,800 flights, affecting almost 300,000 passengers.

To contact the reporter on this story: Hanna Hoikkala in Stockholm at hhoikkala@bloomberg.net

To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, James Amott, Nate Lanxon

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