SAS and Blue1 survived financial crisis - at least for a while

Sweden based airline company SAS that owns lower fares subsidiary Blue1 seems to survive the financial crisis that almost lead to bankruptcy. SAS was ablo to negotiate cost savings with labour unions. These cost savings were condition of financing banks for further financing loss making SAS. Now thanks to cost savings agreements SAS is able to raise next loans needed for keeping operations running.

Trading of SAS stocks in Stockholm stopped - Waiting for major news - SAS in bankruptcy?

Scandinavian Airlines SAS operates also cheap flights under name Blue1. Trading of SAS stock has been stopped at the Stockholm Stock Exchange and we are waiting for major news from SAS. SAS has been in financial troubles so bankruptcy is also one alternative.

Modified 30.10.2012; 13.26: SAS announced that it will start major cost cuts and asset sales to avoid bankruptcy. It's negotiating about finance but new finance is conditional to the progress of cost savings and asset sales.

Less cheap Helsinki-Oulu flights in Finland - Blue1 concentrates on Oulu-Stockholm and Oulu-Copenhagen flights

In Finland Helsinki-Oulu and Oulu-Helsinki flights are the most important domestic flights and this route has been operated by Finnair, Norwegian Air Shuttle and Blue1 (part of SAS Group). Price competition of Norwegian Air Shuttle has lowered the prices to 20€-40€/one way flight and today Blue1 told that they will stop operating Helsinki-Oulu and Oulu-Helsinki flights starting from October. Blue1 will concentrate on Oulu-Stockholm and Oulu-Copenhagen routes where they add more capacity.