sweden - based airlines scandinavian airlines system ( sa ) said it will reduce payrolls by 8 , 600 jobs as part of its " key sas " modernization programme . the airline will cut 3 , 000 staff directly and eliminate 5 , 600 by diluting its activities , lowering the workforce by 40 % to 14 , 000 . the restructuring comes after sas posted losses of 6 . 32 million danish krona in 2008 . the company is preparing to sell airbaltic and spanair and its positions in aviation newfoundland , morbidly , estonian sea , skyways express , spirit airways and trust . spanair is to be sold for €1 . the company intends to stick to concentrating on its core nordic market .
European Airlines are cutting jobs.