Category Archives: Scandinavian Airlines-SAS

Denmark and Sweden save SAS with a rescue package

Denmark and Sweden are extending a life line of 9 billion kroner ($929 million) as part of a rescue package to save Scandinavian Airlines (SAS) from bankruptcy following the airline’s extensive losses due to COVID-19.

As a result, Denmark (14.2%) and Sweden (14.8%) are increasing their shares in the flag carrier.

Meanwhile layoffs continue with 1,900 jobs lost in Sweden, 1,300 in Norway and almost 1,600 in Denmark.

SAS aircraft photo gallery:

SAS routes that are resuming in July, fleet to increase to over 40 active aircraft

Scandinavian Airlines-SAS has made this announcement:

SAS is now launching its schedule for July. In total, the new traffic program will see capacity increased from 30 aircraft in June to over 40 in July, equivalent to just under 30 percent compared with the corresponding period last year.

As demand slowly but surely increases, SAS is resuming flights to many destinations from Copenhagen, Oslo and Stockholm. In addition to a number of routes from Copenhagen, SAS is also resuming international flights from Oslo to a number of destinations, including Reykjavík, and continuing its operations to Finland and London from Stockholm.

Further destinations will gradually be added from all three countries as demand returns.

“As restrictions and inbound travel rules are relaxed, we are seeing a rise in demand for travel. However, it remains just as important that travellers keep themselves informed of the rules that apply to each country and destination at all times, and that people stay at home if they are experiencing any symptoms. We would also like to remind you of the measures that SAS has implemented in order to reduce the risk of infection spreading and the changes that these measures entail for your journey, e.g. the requirement to wear a face mask during flights,” says Freja Annamatz, Head of Media Relations.

In July, SAS will fly to the following destinations:

From Copenhagen:

•                    Aalborg

•                    Aarhus

•                    Faeroes

•                    Malaga

•                    Palma de Mallorca

•                    Alicante

•                    Athens

•                    Nice

•                    Split

•                    London

•                    Berlin

•                    Dusseldorf

•                    Frankfurt

•                    Hamburg

•                    Munich

•                    Stuttgart

•                    Amsterdam

•                    Bologna

•                    Rome

•                    Milan

•                    Brussels

•                    Faro

•                    Gdańsk

•                    Geneva

•                    Zurich

•                    Reykjavík

•                    Palanga

•                    Vilnius

•                    Arlanda

•                    Oslo

•                    Stavanger

•                    Bergen

•                    Trondheim

•                    New York

•                    Chicago

•                    San Francisco

From Oslo:

•                    Alta

•                    Bardufoss

•                    Bodø

•                    Evenes

•                    Kirkenes

•                    Longyearbyen

•                    Tromsø

•                    Lakselv

•                    Ålesund

•                    Bergen

•                    Haugesund

•                    Kristiansand

•                    Kristiansund

•                    Molde

•                    Stavanger

•                    Trondheim

•                    Athens

•                    Malaga

•                    Alicante

•                    Palma de Mallorca

•                    Split

•                    Barcelona

•                    Billund

•                    Gran Canaria

•                    Nice

•                    Aalborg

•                    Aarhus

•                    Stockholm

•                    Copenhagen

•                    Reykjavík

Stavanger to  Aberdeen
From Stockholm

•                    Ängelholm

•                    Gothenburg

•                    Kalmar

•                    Kiruna

•                    Luleå

•                    Malmö

•                    Östersund

•                    Skellefteå

•                    Umeå

•                    Visby

•                    Malaga

•                    Alicante

•                    Palma de Mallorca

•                    Aten

•                    Thessaloniki

•                    London

•                    Rome

•                    Milan

•                    Faro

•                    Split

•                    Helsinki

•                    Oslo

•                    Copenhagen

SAS’ traffic fell by 94%, will expand its operational fleet to 30 aircraft during June

Scandinavian Airlines-SAS made this announcement:

The total number of passengers fell by nearly 94% compared to last year as a result of the ongoing COVID-19 pandemic. During June, SAS will double its capacity to 30 aircraft as travel restrictions are being eased.

“May was the second consecutive month with most of our fleet being grounded as a result of the COVID19 pandemic and imposed travel restrictions. The negative impact is reflected in our total traffic figures, showing a 96% capacity reduction and a 94% drop in number of passengers compared to last year.

Countries are gradually opening up and we expect that demand will start to re-build slowly from the current low levels. In June, we have started to ramp-up production from 15 aircraft in service to 30, mainly serving domestic and Nordic destinations.

We look forward to re-building our network as travel restrictions are lifted and once again having the pleasure of welcoming our passengers onboard,” says Rickard Gustafson, CEO SAS.

In other news, SAS made this announcement:

The world is slowly reopening – and so are our routes.

Last week, we announced that we will slowly start reopening some routes. Now it’s time to put a name on the destinations: Brussels, Düsseldorf, the Faroe Islands, Frankfurt, Hamburg, Malaga, Milan, Munich, Nice, Palanga, Reykjavik, Split, Stuttgart, Thessaloniki and Vilnius.

Some destinations are not available from all three Scandinavian countries.

SAS aircraft photo gallery:

COVID-19 is having a negative impact at SAS

All 4 parked in March 2020, future uncertain

Scandinavian Airlines-SAS has reported on its financial performance in the latest quarter:

SIGNIFICANT NEGATIVE RESULTS DUE TO COVID-19

FEBRUARY 2020–APRIL 2020

  • Revenue: MSEK 5,264 (9,871)
  • Income before tax (EBT): MSEK -3,722 (-1,216)
  • Income before tax and items affecting comparability:MSEK -3,714 (-1,211)
  • Net income for the period: MSEK -3,470 (-933)
  • Earnings per common share: SEK -9.15 (-2.44)

SIGNIFICANT EVENTS DURING THE QUARTER

  • SAS temporarily halts most of its traffic due to effects of COVID-19
  • SAS initiates processes to reduce future workforce by up to 5,000 full-time positions
  • Ongoing and constructive discussions with largest owners on a recapitalization plan to secure adequate levels of funding and equity for the future

SIGNIFICANT EVENTS AFTER QUARTER END

  • SAS signs a SEK 3.3bn revolving credit facility agreement
  • Magnus Örnberg appointed new CFO of SAS

NOVEMBER 2019–APRIL 2020

  • Revenue: MSEK 14,971 (19,276)
  • Income before tax (EBT): MSEK -4,809 (-1,792)
  • Income before tax and items affecting comparability: MSEK -4,792 (-1,935)
  • Net income for the period: MSEK -4,331 (-1,402)
  • Earnings per common share: SEK -11.49 (-3.69)

SIGNIFICANT NEGATIVE FINANCIAL RESULTS DUE TO COVID-19

The COVID-19 pandemic has created a global crisis for the aviation industry, including SAS. What started with travel restrictions to mainland China quickly led to global travel restrictions, quarantines and strict advice against unnecessary travel. Effectively, these measures eliminated the core foundation for our business model, and almost our entire fleet was grounded from mid-March. At the end of the quarter, SAS primarily operated limited domestic networks in Norway and Sweden, supplemented with a few international repatriation flights. For the first time in the history of our company, SAS offered no scheduled international flights to/from Scandinavia.

FINANCIAL SUMMARY

We started our fiscal year with high demand for our services and with a robust operational performance in terms of regularity and punctuality. We reported strong passenger numbers, increased revenue and improved market shares. However, as the second quarter progressed, the full effects of the COVID-19 pandemic became evident. In April, our capacity was down 94% and the number of passengers fell 96% compared to last year. As a direct consequence, our quarterly revenue fell nearly 50% to MSEK 5,264.

The decline in demand immediately triggered SAS to implement a broad range of measures to radically reduce costs. In total, these reductions of fixed and variable cost amounted to SEK 2.4 billion compared to the same quarter last year. As of today, approximately 90% of our workforce is on temporary layoff schemes and we have announced a permanent reduction of 5,000 positions to adapt to predicted market conditions. Moreover, we have enforced a significant reduction of our network, reduced our sales & marketing spend, renegotiated supplier agreements, and postponed IT projects and investments. We also reduced capital expenditures by deferring aircraft deliveries and reaching agreements on payment holidays with most of our lessors.

SAS, like many other airlines has a very high level of fixed costs, whereby the cost reductions have not fully offset the sharp revenue decline, as a result of which we ended the quarter with a pre-tax loss of SEK 3.7 billion. Another focus area has been to preserve cash to the extent possible, and our cash position ended at SEK 4.2 billion, down SEK 2.4 billion in the quarter.

Shortly after the quarter ended, we were able to secure a three-year SEK 3.3 billion revolving credit facility, 90% guaranteed by the Danish and Swedish states. The facility strengthens our financial situation in a difficult period, with an expected negative operating cash burn in the range of MSEK 500–700 per month until end of fiscal year 2020.

COMMUNITY SUPPORT AND SAFE TRAVEL

Despite closed borders, SAS continues to play a vital role in supporting overall society. Early on during the outbreak, SAS operated special flights to repatriate Scandinavian citizens from countries such as Peru, Brazil and Pakistan. We have ensured air bridges for essential medical supplies in close collaboration with the three Scandinavian governments and the Knut and Alice Wallenberg foundation.

Furthermore, our committed employees have engaged in relieving the very strained healthcare sector, assisting in carrying out public COVID-19 tests and volunteering as substitute teachers in elementary schools.

The safety and well-being of travelers and employees is always our highest priority. Therefore, SAS has reviewed the entire customer journey, and imposed some changes to ensure the safest travel experience possible. As a starting point, we urge all travelers to follow the general recommendations set by the health authorities in the respective countries.

Our boarding procedures have been adapted to facilitate social distancing and we have temporarily closed all SAS Lounges. Onboard, our aircraft are equipped with effective HEPA filters that significantly reduce the risk of airborne contamination, our service concept has been re-designed to reduce physical contact and all aircraft are cleaned and disinfected on a more frequent basis. Moreover, passengers will be seated with as much personal space possible, non-essential loose items onboard have been removed and hand luggage allowance is limited. Passengers are required to bring and use protective face masks during travel.

TRANSFORMATION TO ADAPT TO A NEW REALITY

Countries will gradually re-open, but the pace and prerequisites will not be the same in all geographies and regions. Furthermore, the pandemic has led to an economic downturn, resulted in behavioral changes in favor of more digital meetings and caused a general health concern among many customers. Therefore, we expect a longer recovery period than experienced in previous downturns. We expect that the recovery will start with increased domestic demand followed by European and then Intercontinental destinations. But, it will most likely take until 2022 before we see demand in line with what we experienced before the COVID-19 outbreak.

With the ongoing crisis, SAS will once again need to demonstrate its ability to transform to meet a new and very challenging reality. As a response to an environment characterized by lower passenger numbers and revenue generation, SAS is pursuing a revised business plan generating SEK 4 billion in further improvements by 2022.

The savings will come from a broad range of measures. A reduction of the workforce by up to 5,000 positions, combined with a zero-based resizing of our administration. Productivity improvements in the range of 15-25% are required in all collective bargaining agreements to cater for changing market conditions and seasonality aspects. Continuation of strict cost control procedures, imposed during the crisis, including renegotiated contracts with suppliers, reduced spend on marketing, product, IT development and other projects. Additionally, we plan to adapt the fleet size, through postponements and adjusted future deliveries of aircraft from Airbus and lessors until demand returns.

Our commitment to a more sustainable future remains firm, and the plan includes additional initiatives to maintain and accelerate our efforts. To achieve this, SAS will continue to upgrade its fleet, rightsize aircraft usage to demand and increase usage of sustainable aviation fuels to significantly reduce our emissions.

Given the impact of COVID-19 and the time it will take to recover to a more normalized situation, SAS will need to secure further funding in order to continue as the most important airline infrastructure provider in Scandinavia. This will require support from the Scandinavian governments. As a first step the Danish and Swedish governments have provided 90% guarantees for the SEK 3.3 billion revolving credit facility. SAS also continues its efforts to secure support from the Norwegian government.

SAS is currently in active, intensive and constructive discussions with the company’s major shareholders and selected stakeholders on a recapitalization plan to ensure the future of SAS. This includes realization of its key business priorities of necessary increased productivity and a continuation of the green transition.

Any potential solution will require both government and market participation, as well as burden sharing measures involving internal, external and financial stakeholders in the company. Different options are currently being considered, and we aim to present a plan to the market in June 2020.

Once a plan is in place, I am confident that we can overcome the current challenges and start to rebuild our business based on the strengths of SAS, including committed and dedicated employees, a strong brand and a valued customer offering.

We’re experiencing an unprecedented situation at the moment, that creates significant challenges for SAS. I would like to express my sincere appreciation to all SAS employees for their dedicated efforts and support during the crisis. SAS is determined to re-start operations as soon as possible. On behalf of all of our employees, I’m truly looking forward to once again welcoming you on board a SAS flight in the near future.

Rickard Gustafson,

President and CEO

In May SAS landed an A340 at Copenhagen Airport (CPH) with a different kind of passengers in the cabin – not as interactive as our regular ones but nevertheless important to handle with safety and care.

This was our first cargo only flight with cabin-load, chartered by Blue Water Shipping, carrying 14 tons of face masks to protect the hardworking medical staff in Region Syddanmark. By placing cargo in the cabin, in addition to the traditional cargo hold below, we added space and were able to fly home as much protective equipment as possible in these critical times. The boxes are loaded manually in the cabin with great care and secured according to all safety measures stipulated by Airbus and International Air Transport Association (IATA).

In addition to the 7 pilots needed to operate this flight, cargo-only flights also require three cabin crew to make sure the cabin is safe during the entire flight.

Top Copyright Photo: SAS is also expected to simplify its fleet. Besides the planned upcoming retirements of the Boeing 737-700 and 737-800 fleets (still in 2024?), SAS has also parked its four Airbus A319s including OY-KBO in the retro livery. Scandinavian Airlines System-SAS (Scandinavian Airlines) Airbus A319-132 OY-KBO (msn 2850) (1952 retrojet) ZRH (Rolf Wallner). Image: 936041.

SAS aircraft slide show:

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SAS’ scheduled capacity fell nearly 95% in April 2020

Scandinavian Airlines-SAS has issued this report on April 2020 traffic:

SAS’ scheduled capacity fell with nearly 95% compared to last year as a result of the ongoing COVID-19 pandemic. During April, only a limited network in Norway and Sweden was maintained.

“We continue to face challenging times that are radically impacting our business.  Even though no one can foresee exactly how passenger demand will evolve in the coming months and years, it is clear that it will take a much longer time than previously anticipated. In our view, it will take until 2022 before demand starts to reach pre-COVID-19 levels.

“The current situation forces us to take all possible measures to reduce costs and preserve cash to be able to emerge from this crisis as a sustainable, profitable and vital part of Scandinavian infrastructure.  Given the time it will take to ramp up production, we have unfortunately had to initiate processes to reduce the size of our future workforce by up to 5,000 full-time positions.

“As part of our ongoing work to safeguard our future, I’m grateful and pleased that we now have secured the SEK 3.3Bn revolving credit facility guaranteed by the states of Sweden and Denmark. This additional liquidity will, alongside our initiated cost reduction measures, give us the time needed explore further opportunities and financial support to safeguard our business,” says Rickard Gustafson, CEO SAS.

In other news, SAS has named our first Airbus A321LR  as Jarl Viking!

The airline continued on social media:

Ever since SAS was founded in Scandinavia in 1946, we have named our aircraft after the very first Scandinavians; the Vikings. The aircraft are named after kings and chiefs, explorers and conquerors, armors and rune carvers, and Gods in the Norse mythology.

Only a few exceptions have been made. That happened for instance when we in 2006 received an Airbus A319 which was named Christian Valdemar Viking, after Crown Princess of Denmark Mary and Crown Prince of Denmark Frederik’s first born, Prince Christian.

Why Jarl Viking?

While kings ruled back in the Viking era, chiefs (‘earl’ in English, ‘jarl’ in Scandinavian) had a social rank just below the king and were known in the society as the king’s right hand.

If you think you have seen the name on a SAS aircraft before, you are correct: The name Jarl Viking belonged to one of our McDonnell Douglas MD-82s – LN-RMT from January 1991 until that Jarl Viking was retired in September 2013.

SAS aircraft photo gallery:

SAS gets a financial lifeline

Scandinavian Airlines-SAS has made this announcement:

SAS AB has signed a SEK 3.3 billion three-year revolving credit facility agreement, 90% guaranteed by the Swedish and Danish states.

Since the announcements from the Scandinavian governments on credit guarantees to airlines, SAS has worked with four Nordic banks as well as respective government agencies to clarify the criteria and terms for the guarantees. The guaranteed debt package, which has been approved by the European Commission, was implemented in the context of the COVID-19 crisis and is intended to support the airline’s liquidity and prepare for the recovery of its activities.

“We are very pleased that we now have been able to secure a credit facility with the support of the Danish and Swedish governments. The agreement strengthens our financial position in a difficult period when most of our fleet is grounded.  Going forward we will continue our focused work on reducing costs and seeking additional support from the Scandinavian governments to ensure that SAS continues to be the leading provider of critical airline infrastructure in Scandinavia. As part of this we will further our dialogue with the Norwegian government to be able to access up to NOK 1.7 billion of additional state guaranteed funding,” says Torbjørn Wist, CFO of SAS.

The credit facility was coordinated by SEB. Danske Bank, Nordea, SEB and Swedbank were Mandated Lead Arrangers.

SAS to cut up to 5,000 full-time positions due to lower demand

Scandinavian Airlines-SAS has made this announcement:

As a result of COVID-19, demand is expected to be significantly affected during the remainder of 2020 and it will take some years before demand returns to the levels experienced before the outbreak. Consequently, SAS needs to adapt the business to a lower demand environment. As a consequence, SAS will initiate processes to reduce the size of its future workforce by up to 5,000 fulltime positions. 

The COVID-19 outbreak has removed most of the demand for air travel and thereby the commercial basis for airlines.  Currently, SAS is only operating a very limited domestic network in Norway and Sweden. Given the current restrictions, SAS expects limited activity in the important summer season. In addition, it will most likely take some years before demand returns to the levels seen before COVID-19.The workforce in SAS has notice periods with a mean of six months.  The uncertainty regarding demand and the time it takes to adapt the organization means that SAS must act proactively. This gives SAS the flexibility to ramp-up the business quickly if demand returns, but also to take further actions if recovery takes longer than currently envisaged.

The potential reduction of the workforce by up to 5,000 full-time positions will be split with approximately 1,900 full-time positions in Sweden, 1,300 in Norway and 1,700 in Denmark. The processes will be implemented in accordance with the labor law practices in each respective country. During this process, SAS will actively engage with its unions and other stakeholders to seek solutions to reduce the number of actual layoffs across the Group, as well as other productivity enhancements.

“COVID-19 has forced SAS to face a new and unprecedented reality that will reverberate not only in the coming months, but also during the coming years. Our ambition is to continue to be the leading airline in Scandinavia and to have a leading role in the Scandinavian infrastructure as a guarantor of national and international connectivity. In order to continue this important societal function, we need to adapt our cost base to the prevailing circumstances. Regretfully, we are forced to adapt our workforce to lower passenger demand. Not least in view of the company’s successful journey in recent years, which has been made possible by the great work done by SAS’s competent and dedicated employees. We will now work intensively together with trade union representatives and others to identify solutions so that as few people as possible are affected. Furthermore, we remain ready to quickly ramp-up operations and reduce the number of affected positions if demand recovers more quickly,” says Rickard Gustafson, CEO SAS.

SAS aircraft photo gallery:

SAS lays off nearly 11,000 employees in Scandinavia

SAS has issued this status report and traffic figures for March 2020:

As an effect of the COVID-19 pandemic and the travel restrictions imposed by many governments, SAS capacity was reduced by over 45% compared to last year. During April, almost all flights will be canceled except for a few domestic routes in Norway and Sweden.

Just over one month has passed since we started being severely affected by the Coronavirus crisis, and we are now in a situation never before experienced. For the first time in the history of SAS, we are not offering any scheduled international flights. Since Monday this week, we are only operating a limited domestic network in Norway and Sweden. In Norway, we are serving more destinations than in Sweden following an agreement with the Norwegian government.

We remain at the disposal of public authorities and continue to play an important role in providing critical services for the Scandinavian society, including bringing home stranded citizens from various parts of the world and transporting critical medical equipment. It is important for us to contribute when and where we can in these unprecedented and challenging times. However, these flights do not compensate for the significant loss in revenue due to the travel restrictions.

In the light of the sharp decrease in revenue we must continue to adjust our costs to the extent possible. We have been forced to temporarily lay off a majority of our employees. At time of writing, nearly 11,000 employees have been temporarily laid off in Scandinavia. We have also given notice of permanent redundancy for some 120 positions in Sweden.

When the COVID-19 crisis struck with full force, SAS enjoyed a strong financial preparedness. Naturally, this has been beneficial in this difficult situation due to the travel restrictions imposed by the governments. We are pleased that Denmark, Sweden and Norway are providing some financial support, however the earmarked amounts will not suffice to secure and safeguard critical infrastructure if the situation is prolonged.

SAS has safeguarded airline traffic in Scandinavia for over 70 years and we miss being able to welcome our customers on board what we call our second home. I hope to be able to resume safe and reliable operations as soon as possible, but until then I would like to thank our customers for their patience and support, and my colleagues at SAS for their dedication to SAS and our societies during these difficult times, says Rickard Gustafson, CEO SAS.

SAS scheduled traffic Mar20 Change1 Nov19- Mar20 Change1
ASK (Mill.) 2 288 -44.9% 16 462 -9.7%
RPK (Mill.) 1 113 -61.9% 10 710 -13.6%
Passenger load factor 48,6% -21.7 p.p. 65.1% -2.9 p.p.
No. of passengers (000) 995 -59.6% 9,149 -12.6%
Geographical development, schedule Mar20            vs.           Mar19 Nov19-Mar20     vs.    Nov18-Mar19
RPK ASK RPK ASK
Intercontinental -69.9% -55.6% -18.4% -13.0%
Europe/Intrascandinavia -59.3% -42.1% -10.7% -8.5%
Domestic -52.4% -32.2% -10.1% -6.2%
SAS charter traffic Mar20 Change1 Nov19-Mar20 Change1
ASK (Mill.) 103 -53.7% 818 -7.6%
RPK (Mill.) 74 -63.5% 731 -9.9%
Load factor 71.4% -19.3 p.p. 89.3% -2.3 p.p.
No. of passengers (000) 25 -64.0% 241 -8.6%
SAS total traffic (scheduled and charter) Mar20 Change1 Nov19-Mar20 Change1
ASK (Mill.) 2 391 -45.4% 17 280 -9.6%
RPK (Mill.) 1 187 -62.0% 11 440 -13.3%
Load factor 49.6% -21.8 p u 66.2% -2.9 p.p.
No. of passengers (000) 1 020 -59.7% 9 390 -12.5%

1 Change compared to same period last year p.p. = percentage points

Preliminary yield and PASK Mar20 Nominal change FX adjusted change
Yield, SEK 1.02 +3.7% +4.1%
PASK, SEK 0.50 -28.3% -28.1%
Mar20
Punctuality (arrival 15 min) 88.8%
Regularity 86.6%
Change in total CO2 emissions, rolling 12 months -7.4%
Change in CO2 emissions per available seat kilometer -3.3%
Carbon offsetting of passenger related emissions 33%

Definitions:

RPK – Revenue passenger kilometers
ASK – Available seat kilometers
Load factor – RPK/ASK
Yield – Passenger revenues/RPK (scheduled)
PASK – Passenger revenues/ASK (scheduled)
Change in CO2 emissions per available seat kilometers – SAS passenger related carbon emissions divided with total available seat kilometers (incl. non-revenue and EuroBonus), rolling 12 months
Carbon offsetting of passenger related emissions – Share of SAS passenger related carbon emissions compensated by SAS (EuroBonus members, youth tickets and SAS’ staff travel)
From fiscal year 2020 we report change in CO2 emissions in total and per Available Seat Kilometers (ASK) to align with our overall goal to reduce our total CO2 emissions by 25% by 2030, compared to 2005.

SAS aircraft photo gallery:

SAS will continue to operate the following routes and destinations with limited service

SAS has further clarified the routes it will attempt to operate:

In the coming weeks, SAS will continue to operate the following routes and destinations with limited service:

•    Domestic: All routes with few exceptions
•    Intra-Scandinavia: Routes between the Scandinavian capitals as well as Copenhagen to Bergen, Gothenburg and Stavanger
•    Europe: Routes to Amsterdam, Brussels, Dublin, Frankfurt, Helsinki, London Heathrow, Manchester, Paris, Reykjavik, Zurich, Alicante, Las Palmas, Malaga, Palma de Mallorca, Nice and Athens
•    USA: Copenhagen-New York, Copenhagen-Chicago and Stockholm-New York
•    Asia: Copenhagen-Tokyo

For the time being and to a limited extent, SAS will also serve other destinations in Finland, Germany, Switzerland, Portugal, Spain and Turkey. SAS will continue to adjust the traffic program based on the demand situation and valid travel restrictions.

SE-RJX

Above Copyright Photo: Scandinavian Airlines-SAS Boeing 737-76N WL SE-RJX (msn 34754) MUC (Arnd Wolf). Image: 949407.

SAS aircraft slide show:

 

SAS to shut down most of its operations, will lay off 10,000 employees

Scandinavian Airlines-SAS has made this dramatic announcement:

As an effect of the coronavirus (COVID-19) outbreak, and the measures that authorities have taken, the demand for international air travel is essentially non-existent.

Therefore, SAS has made the decision to temporarily halt most of its traffic starting Monday March 16 until there are yet again conditions to conduct commercial aviation.

With consideration to our customers SAS will within the next few days, as far as it is possible maintain certain traffic in order to enable return flights from different destinations.

 

We will be at the disposal of the authorities to on their behalf take home stranded citizens or maintain infrastructure important to society, as far as possible.

Further, this means that SAS is forced to temporary work reductions which comprises up to 10,000 employees, which is equivalent to 90 percent of the total workforce.

The reductions will be implemented through all parts of the operation, according to national regulations.

SAS is carrying out these measures for the purpose of return to normal operation as soon as possible.

SAS aircraft photo gallery: