Stockholm-headquartered, Clothing company

Stockholm, May 11 Scandinavian Airlines, the flag carrier of Denmark, Norway, and Sweden, is set to cancel around 4,000 flights this summer due to staff shortages and delayed deliveries of aircraft, Swedish financial daily Dagens Industri (DI) said in a report.The staff shortages are a result of the Covid-19 pandemic since around 5,000 employees were laid off as demand for international and domestic flights plummeted, Xinhua news agency quoted the DI report as saying on Tuesday.An official from the Stockholm-headquartered airline said that most cancelled flights will be rescheduled for the same day, to avoid leaving passengers stranded.The news about the cancellations came less than three months after the airline announced it was in financial trouble.An interim financial report released in February showed the company's earnings before tax stood at a negative 2.6 billion Swedish crowns ($260 million) for the period November 2021-January 2022.Compared with the same period in 2019, before the Covid pandemic struck, total revenues were down 42 per cent.SAS, therefore, announced it would "aggressively pursue reducing costs" by 7.5 billion Swedish crowns annually, by adjusting its fleet and product offerings, among other things.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Stockholm-HeadquarteredFOLLOW

Stockholm-headquartered, Latest News

Technology :Ericsson to lay off 8,500 employees globally to cut costs

London, Feb 24 Swedish telecom gear-maker Ericsson is laying off about 8 per cent of its workforce, around ... ...

Technology :Ericsson to lay off 1,400 employees at home to cut costs

Stockholm, Feb 20 Telecom networking company Ericsson is planning to lay off at least 1,400 employees or 10 ... ...

Politics :Scandinavian Airlines to cancel 4,000 flights due to staff shortages

Stockholm, May 11 Scandinavian Airlines, the flag carrier of Denmark, Norway, and Sweden, is set to cancel around ... ...