Business Insurance

Login  |  Register Subscribe



cbVid =

Germany: Pilot strike prompts Lufthansa to cancel 3,800 flights

April 1, 2014 - 6:00am


A strike action by pilots has prompted German airline Deutsche Lufthansa A.G. to cancel 3,800 flights, Reuters reported.

Analysts estimate that a three-day strike could cost Lufthansa €30 million ($41.2 million) to €50 million ($68.7 million) in profit.

The airline said "a large amount of damage has been done just by the announcement of the strike, because passengers have already changed their bookings and cargo customers have switched to other airlines to transport their goods."

Read more

 



Get our daily Global Focus newsletter
  •  


You may also want to visit

International Content