Lufthansa losing £7.1 million each day

12. Nov 2015
by BusinessClass

Since Lufthansa’s cabin crews went on strike last Friday, the German airline has confirmed it is losing at least £7.1 million each day the stand-off continues.

The longest strike in Lufthansa’a 60-year history continues today, its sixth day, as another 933 flights are cancelled. Today’s cancellations affect an additional 107,000 passengers who must now attempt to arrange alternative transport to their destination. The airline has cancelled 3,700 flights in total since the strike action began on Friday, affecting 443,000 bookings. A spokesman for Frankfurt Airport said, “The concrete damage will only be clear in the coming weeks when we know how many passengers claimed refunds, how many were rebooked, and how many passengers we accommodated at hotels.” The UFO labor union has said there is a strong chance the strike will continue all the way into Friday. The UFO labor union also released a statement, saying, “We are very sorry that talks had to cumulate in strike action but negotiations reached a point where there was no alternative.” The dispute, over pay and Lufthansa’s suggested pension cuts, has been ongoing since 2013 and led to pilots striking earlier in the year, costing the company approximately £91 million.

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