Stockholm July 2 (US): Scandinavian airline SAS (SAS.STIts pilots agreed to extend their wage talks until Monday in hopes of averting a strike, a company executive told reporters Saturday.
About 1,000 pilots in Denmark, Sweden and Norway plan to strike if talks break down, according to unions, which SAS said could leave about 30,000 passengers stranded per day, Reuters reported.
“We need to sleep, none of us have slept for a really long time,” SAS chief negotiator Marianne Hernais told reporters after the latest round of all-night talks.
The strike could come at a difficult time for loss-making SAS as it seeks to restructure its business by making deep cost cuts, raising fresh cash and converting debt into equity as part of a plan to save the carrier from collapse.
Swedish newspaper Expressen had earlier reported, citing unnamed sources, that an agreement had been reached, but SAS said talks were still ongoing in hopes of averting an attack.