This really is our "final call" if we want SAS to survive, said the airline's CEO Rickard Gustafson, announcing the job loss of 800. I know we ask a lot of our employees, but there is no other way, the Swedish government will not give more money, he said. The airline has agreed a new credit facility of around 3.5 billion Swedish crowns ($520 million).
At the end of October a new plan will be announced to boost pretax profits by around 3 billion Swedish crowns ($445 million).