The airline SAS fears that the pilots' strike could exacerbate the already existing financial crisis and at the same time potential investors could lose interest. Now they are interested in negotiations with the unions again.

Parent company SAS Group reported last week in the United States of America Chapter 11 bankruptcy protection proceedings on. The pilots' strike may also have been a reason, but only the tip of the iceberg, because SAS has been in a permanent financial crisis since the beginning of the corona pandemic.

In a statement, SAS assumes that there is not enough money in the tight coffers for long-term work stoppages by the well-organized pilots. Per day you lose income of up to 12,3 million euros. The balance as of Wednesday: So far, 2.550 flights have had to be canceled and 270.000 passengers have been stranded. In the meantime, the returnees are also becoming no longer carried out.

The airline warns that there will soon be a serious liquidity crisis and that claims will no longer be able to be serviced in the short term. This would mean that assets would then have to be sold and as a result the airline would have to be significantly downsized. This could deter potential investors.

But what is this strike about? In contrast to Germany or Austria, there was no aid measure for short-time work in Sweden, for example. SAS therefore separated from many pilots, but with a promise of reinstatement. The agreements state that they will get their cockpit jobs back. However, SAS has meanwhile new subsidiaries established and doesn't want to know anything more about the promises. The unions accuse the company of breaking its word and are demanding the immediate reinstatement of the approximately 450 pilots affected. At the same time, they want to push through higher wages.