SAS reaches deal with pilots' unions, ending 15-day strike

SAS and a union representing its pilots had said late on Monday that a deal was close. Picture: Beate Oma Dahle/AFP/Getty Images

SAS and pilot unions have reached a wage deal, the Scandinavian airline confirmed on Tuesday, 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 rose more than 12% in early morning trade. They are still down about a third since the beginning of the year.