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SAS Strike Could Eat Up Half of Airline’s Cashflow, Sydbank Says

Travelers in the departure hall at Oslo Airport Gardermoen following SAS pilot strike action, on July 4.

Travelers in the departure hall at Oslo Airport Gardermoen following SAS pilot strike action, on July 4.

Photographer: Beate Oma Dahle/AFP/Getty Images

Scandinavian airline SAS AB faces “significant” financial harm as a result of a pilot strike that took effect on Monday, according to analysts at Sydbank AS.

In a “worst case” the strike could cost up to half of the airline’s cashflow from operations totaling more than 8 billion kronor ($776 million), said Jacob Pedersen in a research note. The analyst maintained his sell rating on the stock.