SAS Posts Q3 Loss of SEK 1.85 Billion After Pilot Strike, but Sees Increasing Demand

• (PLX AI) - SAS Q3 revenue SEK 8,580 million.
• • Q3 pretax profit SEK -2,081 million
• • Q3 EPS SEK -0.25
• • Q3 net income SEK -1,848 million
• • SAS results were severely affected by a 15-day pilot strike between July 4 and July 19, causing traffic disruption and leading to some 4,000 canceled flights affecting more than 380,000 passengers
• • Says deal with pilots was important step closer to achieving target of SEK 7.5 billion in annual cost savings
• • Says looking ahead to the next summer season we are preparing for substantial recruitments and rehirings that will be initiated in order to meet the expected increased future demand