PPRuNe Forums - View Single Post - SAS close to bankrupcy
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Old 15th Nov 2012, 03:08
  #39 (permalink)  
jackx123
 
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i had a brief look at the financial reports of some peer airlines and it's evident SAS will be in trouble even after this rescue package.

I give them 30% chance of longterm survival after this round of cuts.

The cost burden is to high and SAS needs a 35-40% cut in salaries (with associated social benefits) to be on an even playing field.

The unions can jump up and down as much as they wish, but this is reality.

Sad but true.
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