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Industry Insider NewsLetter – Feb. 24/10
Posted on February 24, 2010
LUFTHANSA STRIKE SUSPENDED
A strike by about 4,000 pilots at German airline Lufthansa has been suspended – with union officials agreeing to resume negotiations.
The action – which had been scheduled to run for four days – was called off after less than 24 hours of delays and cancellations for passengers. There will be no further action until at least March 9, the union said.
Lufthansa had predicted the strike would cost it about US$34 million per day. However the strike has already disrupted an estimated 10,000 passengers around the world, with the carrier trying to arrange alternative travel for them.