SAS and pilot unions have reached a wage deal, the Scandinavian airline confirmed yesterday, ending a 15-day strike over a new collective bargaining agreement that had grounded 3,700 flights and put the carrier’s future in doubt. Shares in SAS jumped 12% in early trade, but then steadied and were up around 4%. They are still down about 40% since the beginning of the year. The airline, which filed for US bankruptcy protection on the second day of the strike, said the industrial action had cost it more than $145mn to date and affected 380,000 passengers in the peak summer travel season. The deal will allow the airline to finalise plans in the next few weeks to raise $700mn of fresh financing
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