AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,394 Increased By 99.2 (1.36%)
BR30 24,121 Increased By 266.7 (1.12%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

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.