📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Lufthansa cancels 35 flights on Sunday

Published 11/26/2016, 01:47 PM
© Reuters. Planes stand on the tarmac during a pilots strike of German airline Lufthansa at Frankfurt airport

FRANKFURT (Reuters) - Germany's biggest airline Lufthansa (DE:LHAG) has canceled 35 flights on Sunday as the fallout from a four-day strike by pilots over pay spilled into a fifth day.

The additional cancellations announced by the airline pushed the number of flights grounded since the walkout started on Wednesday to nearly 2,800, with more than 350,000 passengers affected.

"Almost all LH (Lufthansa) flights will operate according to schedule tomorrow. However, 35 flights canceled due to the strikes on the preceding days," the company said via Twitter on Saturday.

A spokesman also denied an unsourced report in Frankfurter Allgemeine Zeitung that said the airline had considered going insolvent to rid itself of the costly labor agreement with its pilots, which lies at the heart of the conflict.

Late on Friday, Lufthansa's pilots union rejected the German airline's latest pay offer but lifted the immediate threat of extending their strike beyond Saturday.

"We need a negotiable offer. Otherwise there can always be additional strikes," Joerg Handwerg, board member at pilots union VC, told Reuters TV on Saturday.

Lufthansa had offered to increase wages by 4.4 percent in two installments, as well as a one-off payment equal to 1.8 months' pay.

© Reuters. Planes stand on the tarmac during a pilots strike of German airline Lufthansa at Frankfurt airport

The union wants an average annual pay increase of 3.7 percent for 5,400 pilots in Germany over a five-year period backdated to 2012.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.