The strike can wipe out the SAS profit in years

No one knows how long the currently ongoing pilotstrejken in the SAS gets. However, what is clear is that every day the plan is on the ground and passengers will receive their travel destroyed is an expensive day for SAS.

Danish Sydbanks aktieanalyschef Jacob Pedersen has followed SAS for a long time. In a analysis on the bank's website he writes on Friday that the strike is a surprise and makes visible that ”the SAS is the more vulnerable” than what you previously knew.

that the strike cost the airline between 60 and 80 million for each day it is in progress.

”With our current expectations of the SAS results in the year, a surplus turned to a deficit, if the strike extends to 14 days,” he writes in his analysis.

A lengthy and difficult strike could wipe out the airline's profit for the full financial year.

the Costs of a strike are many. One of them is the one that comes after the strike, when the passengers begin to require compensation for the economic damage they suffered when the plan has been cancelled or booked.

it can be about up to usd 240 million for each strejkdag. The calculation is made on the basis that each passenger has the right to compensation requires it.

– There is the potential sum based on the number of passengers who currently have had their flights cancelled and the average sum we appreciate that people will have the right to, " says Alex Kirkeberg on Flyghjälp, which helps individuals pursue kompensationsärenden against the airlines.

" of Course will not all require compensation, but if they do, it is the sum.

according to Kirkeberg, that about half of those affected will require compensation by the SAS. So a more reasonable assumption is that the strike could cost the company 120 million per day.

Typically have about 25 percent of swedes are affected by flygproblem tabs on their rights, and about half of the danes.

in Order to get compensation from an airline, you need not go through the lawyers or the external company that helps to. The vast majority of companies have a form for the repayment or ersättningsärenden on their websites. It also has the SAS.

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