SAS to halt most flights, temporarily lay off 90% of staff
SAS will temporarily halt most of its flights from Monday until conditions for commercial aviation improve, it said, as demand for flights has "more or less disappeared". SAS said Sunday it would temporary lay off up to 10,000 employees, or 90% of the airline's total workforce. "Demand for flights into, out of, and within Scandinavia has more or less disappeared," CE Rickard Gustafson said. "We have to adapt to current circumstances and starting Monday we will temporary pause a large part of our operations and we will heavily reduce the number of flights in our entire network," he added. Gustafson said the company had worked in the past few years to improve the financial stability of the company. “We have built good financial preparedness and good liquidity so we will manage for a good while," he said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-16/star/sas-to-halt-most-flights-temporarily-lay-off-90-of-staff
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SAS to halt most flights, temporarily lay off 90% of staff
SAS will temporarily halt most of its flights from Monday until conditions for commercial aviation improve, it said, as demand for flights has "more or less disappeared". SAS said Sunday it would temporary lay off up to 10,000 employees, or 90% of the airline's total workforce. "Demand for flights into, out of, and within Scandinavia has more or less disappeared," CE Rickard Gustafson said. "We have to adapt to current circumstances and starting Monday we will temporary pause a large part of our operations and we will heavily reduce the number of flights in our entire network," he added. Gustafson said the company had worked in the past few years to improve the financial stability of the company. “We have built good financial preparedness and good liquidity so we will manage for a good while," he said. <br/>
