the Rate is set as the coronavirusets proliferation has led to a decline in demand, said said in a press release.
They write: ”in response to the lower demand, the SAS in the next couple of months to reduce the capacity of air routes in Europe and Scandinavia. In addition to the cancellation of flights to/from mainland china, will be the SAS group is also to set up flights to Hong kong from the 5th of march.
”the SAS group is also carrying out other measures in order to reduce costs, including cuts in administrative and personnel costs, anställningsstopp as well as postponing non-critical projects, and marketing campaigns.
‘ Actions related to staff costs, could mean lay-offs, leaves of absence, advance, pension or any other initiative.
in view of the continuing uncertainty about the outbreak and its impact on the demand for travel, the pull, the SAS returned to the guidance given to the market on 5 december 2019, for the financial year 2019/2020. At the moment, it is too early to make a reasonable estimate of the impact on the group’s operations, financial performance, and, therefore, it is not possible to give a more detailed perspective.”
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