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Pilot strikes have cost Lufthansa 75 million euros so far - Bild

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - Walkouts by Lufthansa pilots have cost the airline 75 million euros ($79.85 million) so far, German Bild newspaper reported on Wednesday, citing company and pilots union sources.

Daily costs are now at about 15 million euros, the newspaper reported. Citing an internal memo of the pilots' union Vereinigung Cockpit (VC) to its member Bild said utilization at some long-haul flights have dropped to below 10 percent as a result of the strikes.

Lufthansa pilots staged another walkout on Tuesday, with neither side showing any willingness to yield in a dispute that has already cost the German airline hundreds of millions of euros since early 2014.

The stoppage hit short-haul flights departing from German cities, forcing Lufthansa to cancel 816 out of around 3,000 planned flights on Tuesday. The pilots have also announced plans to strike on short- and long-haul flights on Wednesday, which will see a further 890 flights cancelled.

The strike is the 15th since the early 2014.

Lufthansa and VC could not immediately be reached for comment outside regular business hours.

Lufthansa has put the cost of the first two days of last week's strike at about 20 million euros, but past experience shows the effect on future bookings could cost tens of millions more.

($1 = 0.9393 euros)

(Reporting by Harro ten Wolde; Editing by Lisa Shumaker)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Pilot strikes have cost Lufthansa 75 million euros so far - Bild

FRANKFURT (Reuters) - Walkouts by Lufthansa pilots have cost the airline 75 million euros ($79.85 million) so far, German Bild newspaper reported on Wednesday, citing company and pilots union sources.

FRANKFURT (Reuters) - Walkouts by Lufthansa pilots have cost the airline 75 million euros ($79.85 million) so far, German Bild newspaper reported on Wednesday, citing company and pilots union sources.

Daily costs are now at about 15 million euros, the newspaper reported. Citing an internal memo of the pilots' union Vereinigung Cockpit (VC) to its member Bild said utilization at some long-haul flights have dropped to below 10 percent as a result of the strikes.

Lufthansa pilots staged another walkout on Tuesday, with neither side showing any willingness to yield in a dispute that has already cost the German airline hundreds of millions of euros since early 2014.

The stoppage hit short-haul flights departing from German cities, forcing Lufthansa to cancel 816 out of around 3,000 planned flights on Tuesday. The pilots have also announced plans to strike on short- and long-haul flights on Wednesday, which will see a further 890 flights cancelled.

The strike is the 15th since the early 2014.

Lufthansa and VC could not immediately be reached for comment outside regular business hours.

Lufthansa has put the cost of the first two days of last week's strike at about 20 million euros, but past experience shows the effect on future bookings could cost tens of millions more.

($1 = 0.9393 euros)

(Reporting by Harro ten Wolde; Editing by Lisa Shumaker)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Pilot strikes have cost Lufthansa 75 million euros so far - Bild

FRANKFURT (Reuters) - Walkouts by Lufthansa pilots have cost the airline 75 million euros ($79.85 million) so far, German Bild newspaper reported on Wednesday, citing company and pilots union sources.

Daily costs are now at about 15 million euros, the newspaper reported. Citing an internal memo of the pilots' union Vereinigung Cockpit (VC) to its member Bild said utilization at some long-haul flights have dropped to below 10 percent as a result of the strikes.

Lufthansa pilots staged another walkout on Tuesday, with neither side showing any willingness to yield in a dispute that has already cost the German airline hundreds of millions of euros since early 2014.

The stoppage hit short-haul flights departing from German cities, forcing Lufthansa to cancel 816 out of around 3,000 planned flights on Tuesday. The pilots have also announced plans to strike on short- and long-haul flights on Wednesday, which will see a further 890 flights cancelled.

The strike is the 15th since the early 2014.

Lufthansa and VC could not immediately be reached for comment outside regular business hours.

Lufthansa has put the cost of the first two days of last week's strike at about 20 million euros, but past experience shows the effect on future bookings could cost tens of millions more.

($1 = 0.9393 euros)

(Reporting by Harro ten Wolde; Editing by Lisa Shumaker)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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