Final union agrees to restructuring

SAS shares soar on reports of agreement

Nov 19, 11:17am

News that SAS has reached an agreement with several of its employee unions has been well received by the markets this morning. As of 11am, the airline's shares were trading at 6 kroner, up about 20 percent over Friday's close. 

SAS shares surged from the start of trading today on news that it only lacked an agreement with only Danish cabin attendants in order to be able to implement its restructing plan aimed at keeping the company in business by saving 2.8 billion kroner annually,

Read our previous stories about SAS's most recent plan to shore up the ailing airline

• Agreement with pilots puts SAS deal close at hand
• SAS talks set to continue through night
• All quiet ahead of SAS decision day
• SAS negotiations go down to the wire
• Danish pilots reject SAS savings plan
• Employees resisting SAS “ultimatum”
• “Final call” for SAS as airline cuts 800 jobs
• SAS forced to announce new savings plan
• SAS may demand staff pay cut