SAS blames pilot strikes for 26% net income slump in Q3 2019

Scandinavian Airlines (SAS) has reported a net income of SEK1.16 billion ($122 million) during its Q3 2019 financial results marking a 26% decline from SEK1.57 billion during the same period a year ago. The airline’s president & CEO Rickard Gustafson has blamed the third–quarter results on increasing fuel costs and the Swedish Krona being weak against the US dollar. Gustafson was also quick to stress that pilot strikes at the beginning of the quarter, which led to around 4,000 flights being cancelled, damaged results for the period. In a statement, Gustafson said: “Results for 3Q were characterised by strong operational