AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

imageFRANKFURT: German pilots union VC on Monday widened its strike at Lufthansa to include long-haul flights on Tuesday, having previously targeted only the carrier's short and medium-haul routes on Monday and Tuesday.

The walkout affecting long-haul flights, scheduled from 0400-2159 GMT, adds weight to the eighth strike action taken by pilots against Lufthansa this year in a drawn-out dispute over retirement benefits.

Lufthansa on Sunday cancelled 1,450 flights after the pilots union called for a strike on Monday and Tuesday, adding to travellers' misery in Germany after millions were left stranded by a weekend-long train drivers' stoppage.

Both pilots' and train drivers' strikes hit at the start of half-term holidays in nearly half of Germany's 16 federal states.

The initial schedule for the strike at Lufthansa was for 1100 GMT on Monday until 2159 GMT on Tuesday.

DZ Bank analyst Dirk Schlamp estimated the series of eight strikes would cut Lufthansa's earnings before interest and tax (EBIT) by 80-90 million euros ($102-115 million) this year.

"A solution, however, is not yet apparent. Therefore, further strikes are possible," Schlamp said.

The strikes come as the national airline is trying to expand low-cost operations that will allow it to compete more effectively with budget carriers such as Ryanair and easyJet on short-haul European routes.

VC, representing about 5,400 Lufthansa pilots, is fighting to keep a scheme that allows pilots to retire at the age of 55 and still receive up to 60 percent of their pay before regular pension payments start at 65. The union has proposed a plan to cover the costs of the scheme.

Copyright Reuters, 2014

Comments

Comments are closed.