SAS sees $200m in savings through 2026 from pilot labour deal

Crisis-hit Scandinavian airline SAS sees savings of $200m through 2026 from a new collective bargaining deal reached with most of its pilots following a crippling two-week strike in July. The flag carrier, pressured for years by low-cost rivals and ravaged by the pandemic, in February announced a big restructuring plan, and on the second day of the strike sought US bankruptcy protection. "The cost savings of approximately $200m through 2026 provided for in the New CLA's (collective labour agreements) are an essential component of the SAS FORWARD plan," lawyers representing SAS said in a document filed Sept. 3 to the bankruptcy court. SAS in July said the deal landed with pilots would help it achieve part of the $700 million of annual cost savings set out in the restructuring plan known as SAS FORWARD."The cost savings of approximately $200m through 2026 provided for in the New CLA's (collective labour agreements) are an essential component of the SAS FORWARD plan," lawyers representing SAS said in a document filed Sept. 3 to the bankruptcy court. SAS in July said the deal landed with pilots would help it achieve part of the $700m of annual cost savings set out in the restructuring plan known as SAS FORWARD.<br/>