- 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
Are AMD Investors Ringing The Register Too Soon? AMD CEO Sees Improving Inventory And Demand, Says Company Is Making ‘Big Bet’ On AI
Advanced Micro Devices, Inc. (NASDAQ: AMD) noted it was experiencing some weakness in its fiscal second quarter report, but CEO Lisa Su expected it
