Scandinavian airline SAS announced late yesterday that pilots have agreed to end their strike a strike "The parties have agreed on a new collective bargaining agreement and all flights in Sweden will resume as soon as possible," the company's statement said. The deal to end the strike includes a 2.2% pay increase according to SAS. The pilots had demanded a 3.5% increase."We had hoped for more, but we succeeded nevertheless to get a new pay scale for young pilots. They now have much better salaries," Peter Larsson, union head for SAS pilots told the Swedish news agency TT.
Since the start of the strike some 1,000 flights have been cancelled.
SAS, which is 50-percent owned by the Swedish, Danish and Norwegian states, has said it did not calculate how much money it was losing because of the strike, but estimates state it was costing the airline at least $1.2 million a day.