FIRST AIRED: November 30, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

Business

Lufthansa strikes put profit at risk

Opening sequence

Opening sequence

Business

Lufthansa strikes put profit at risk

0:00
16:20
More Info

COMING UP:Lufthansa strikes put profit at risk

×

Transcript

00:00:00
>> It's becoming a long haul for German airline Lufthansa. The cost of the ongoing dispute with its pilots between 10 and 15 million Euros a day. And now it's 2016 profit target is at risk. The carrier's offered a 4.4% pay increase in two installments, and a one-off payment of nearly two months pay.
00:00:21
But the unions want annual increases of 3.7%, backdated to 2012.>> I believe the time has come to quickly solve this dispute. We fought long enough. Our passengers have had to suffer long enough.>> So far this year, 4,500 flights have been canceled because of industrial action. That's on top of 7,000 in 2015, which cost the carrier 231 million Euros in lost profit.
00:00:51
There have been no talks since Friday, but Lufthansa says it's considering union comments suggesting a 5% offer might bring them back to the negotiating table.