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COMING UP:Share Opener Variant 4



>> 900 flights cancelled and counting, Lufthansa's pilots in Germany going on a two day strike, their 14th since April. They demand more pay and up to a 100,000 passengers could be affected.>> We haven't received a pay increase for more than five years and we called on Lufthansa to make us an offer.
So far we only have a sham offer on the table, for everything they offer we're supposed to cut something elsewhere in the labor agreement. We're not happy with that, and we demand a negotiable offer.>> The pilots union is demanding a pay raise of 3.7%, retroactive back to 2012.
And although the company posted record profits last year its management won't budge beyond a 2.5% increase spaced out over six years. They say it needs to cut costs to compete.>> We offered an overall solution which was turned down. We then negotiated about a labor agreement, and that pay increase too was turned down.
We then said our positions are too far apart, and that we would go into arbitration. That, too, was turned down.>> The bills are adding up, the company estimates this strike could cost them over $10 million a day. But for many passengers the cost will be another lost day of travel.