Wall Street

Airline SAS clashes with striking pilots over U.S. bankruptcy filing

Published by
Reuters

By Anna Ringstrom, Stine Jacobsen and Jamie Freed STOCKHOLM (Reuters) -Scandinavian airline SAS has filed for bankruptcy protection in the United States to help cut debt, it said on Tuesday, piling pressure on striking pilots it blames for deepening its financial woes and sending its shares down 10%. Wage talks between SAS and its pilots collapsed on Monday, triggering a strike that adds to travel chaos across Europe as the peak summer travel season shifts into full gear. Chief Executive Anko van der Werff said the strike had accelerated its decision to file for Chapter 11 status. But the nego…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street