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Strikes cost Lufthansa over $372 million in first quarter

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Germany airline Deutsche Lufthansa AG said that strikes among various labor groups over pay and working conditions cost it €350 million ($372 million) during the first quarter of this year, Skift reported. The firm has slashed its financial forecast after a number of strikes and increasing tensions in the Middle East region. The airline has also warned that increasing Middle East unrest could further affect its bottom line.

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