In the SAS Group Interim Report from the third quarter of 2008, SAS reported it has a total cost gap of approximately SEK 4 billion compared to relevant benchmarks. The cost gap is now being reduced to SEK 2.5 billion. Most of the remaining cost gap is attributable to other parts of SAS, and the Group’s Management is now working on a cost-savings program in various areas.
Management and the trade unions have held extraordinary collective-agreement negotiations since the beginning of November. These negotiations are considered to be a success for the