News reports this morning are pretty negative about the fate of SAS. Like many established airlines around the world, SAS is struggling to reconcile its state-owned legacy to the realities of a low-cost world of aviation.
I have good friends at SAS, and we have flown them many times over the past 20 years. I wish them the best for their restructuring plans.
UPDATE: Although it went down to the wire (in fact past the wire, thanks to pesky Danish flight attendants), the 8 unions involved did all finally agree to sweeping changes. The Financial Times has a good summary of events- and how things might have been different in America.