SAS investors jam the exits - European airline share wrap
The move will result in the loss of 9,000 jobs and slimmed down executive ranks. Of the total, 3,000 job losses are related to a reduced flying programme, to reflect sharply lower demand.
The airline's share price has crumbled this year and government interests, which control 50% of the carrier, will be putting more capital into the business soon.
SAS Group share price: 02-Jan-09 to 23-Mar-09
European selected airlines daily share price movements (% change): 23-Mar-09