UPDATE 1-NORDIC STOCKS - Factors to watch on July 7

(Adds Vestas, StatoilHydro and Yara, updates SAS, Finnair)

HELSINKI, July 7 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:

SAS (SAS.ST) (SAS.CO) (SASNOK.OL)

The Scandinavian airline releases its June passenger traffic figures at 0900 GMT.

Separately, Scandinavian airline SAS's Danish unions offered to accept a pay cut for a limited amount of time, but that is not enough, daily Berlingske Tidende reported.

"What the Danish unions have offered us is a time-limited reduction in pay until the end of February next year. And we cannot do anything with that," a SAS spokesman said. He said the airline had made deals with its Swedish and Norwegian unions without time limits.

For more on the company, double click on [SAS.ST]

FINNAIR (FIA1S.HE)

The Finnish flag carrier said passenger volumes fell 13.4 percent year-on-year in June as demand remained weak, but the firm added that its passenger load factor, a measure of seats sold, rose 0.6 percentage points as capacity was slashed 14.2 percent from a year ago.

For more on the company, double click on [FIA1S.HE]

VESTAS (VWS.CO)

Despite a drop in orders for Danish wind turbine maker Vestas in the first half of 2009, analysts are optimistic about the business next year, daily Berlingske Tidende said. "We believe in 2010. The prospects for Vestas, when we look ahead, are very positive in general. Though in the short term, it looks different, which is reflected in the stock market," ABG Sundal Collier analyst Stig Frederiksen told the paper.

For more on the company, double click on [VWS.CO]