Due to a 15-day pilot strike in July, Scandinavian airline SAS reported a 32% decline in total passengers and a 23% fall in capacity in July compared to June.
Shares in SAS jumped 12% in the early morning trade of July 19, but then steadied and were up around 4% at 1223 GMT. The airline filed for U.S. bankruptcy protection on the second day of the strike then as Industrial action had cost it more than $145 million to date and affected 380,000 passengers. read more
During the crushing strike that stranded 380,000 customers, SAS halted 3,700 flights.