- Reuters reported that a two-week pilot strike in July over collective agreements and delayed aircraft deliveries contributed to the Scandinavian airline SAS AB’s (OTC:SASDY) decision to cancel 1,700 flights in the upcoming months.
- Related: SAS Airline Cancels Flight On Pilot Shortage, Though Passenger Volume Jumped
- According to SAS, 1,700 flights, or around 4% of all flights, had been canceled in September and October.
- “It is the effects from the strike but also delayed deliveries of aircraft and some other factors,” the report quoted a SAS spokesperson, adding that the company does not see lower demand.
- Related: Pilot Strike Forces SAS To File For Chapter 11 Bankruptcy In US
- Last week, SAS said it had agreed with American private equity company Apollo Global Management (NYSE:APO) to provide bridge funding during chapter 11 bankruptcy protection proceedings in the U.S.
- Photo Via Company
Clarivate Reaffirms FY23 Guidance, Sees Adjusted EPS Of $0.75-$0.85 Vs. $0.81 Estimate; Revenues Of $2.63B-$2.73B Vs. $2.67B Estimate
2023 Outlook
Revenues
$2.63B to $2.73B
Organic Revenue Growth
2.75% to 3.75%
Adjusted
