You are here

Pilot strike grounds half of long-haul flights at Lufthansa

EmakLufthansa0412.jpg
Pilots at Lufthansa started their second strike this week on Thursday, grounding about half of scheduled long-haul flights at the German flagship carrier, in a drawn-out dispute over an early retirement scheme.

[FRANKFURT] Pilots at Lufthansa started their second strike this week on Thursday, grounding about half of scheduled long-haul flights at the German flagship carrier, in a drawn-out dispute over an early retirement scheme.

Pilots' union Vereinigung Cockpit (VC), representing about 5,400 Lufthansa pilots, is fighting to retain with no changes a scheme allowing pilots to retire at age 55 and still receive up to 60 per cent of their pay before regular pension payments start at 65.

Lufthansa has said it would not accept a demand that new pilots, as well as those already with the company, should be able to retire at 55.

It offered VC mediation on Wednesday in hopes of resolving the dispute in time for the busy Christmas holiday season.

sentifi.com

Market voices on:

The Germany-wide strike, the tenth this year, started at 02:00 GMT on Thursday and is to last until 22:59 GMT. It forced Lufthansa to cancel 37 long-haul flights and six cargo flights.

Domestic and European routes, as well as flights of Lufthansa's units like Germanwings, Austrian Airlines and SWISS are not affected.

Industrial action in Lufthansa's dispute with the pilots has already wiped 160 million euros (US$200 million) off the airline's operating profit this year, not including this week's two walkouts.

Lufthansa's board on Wednesday approved plans to expand its low-cost operations as it battles to compete with budget carriers such as Ryanair and easyJet and Gulf operators including Emirates, Etihad and Qatar.

REUTERS

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom