Deutsche Lufthansa AG revealed that the pilot strike, which started on December 1st, will be staged once more on Thursday – December 4th, only two days after the end of the previous one. The strike that was carried out earlier this week affected around 150 000 passengers by leading to the cancellation of about 1 350 flights.
The Vereinigung Cockpit pilot union revealed in a statement that this Thursdays walkouts will affect long-haul and cargo-flights. According to the pilot unions official announcement, this time they will not affect the short and medium-haul flights, as well as the ones of Lufthansas budget division Germanwings.
The strike will be the ninth one for the members of the union. The massive walkouts have been caused by disagreements over an early retirement scheme offered by the Germany-based airline carrier to its employees.
The company was forced to ground about 50% of the flights, which were scheduled for Monday and Tuesday due to the previous wave of strikes. The airlines management is expected to discuss the matters of the early retirement scheme and all the objections that its cost-cutting plans have faced at a Wednesday meeting.
Lufthansa spokeswoman Barbara Schaedler said in an interview for Reuters: “We cannot keep doing this for the next year or two, we need to sit down and find a solution.”
The walkouts that will take place on Thursday were said to be held from 2:00 GMT to 22:59 GMT, or 3:00 GMT to 23:59 GMT, with the pilots taking part in the strikes showing no signs of backing down.
Deutsche Lufthansa AG added 0.95% to trade at €14.33 per share at 10:12 GMT in Frankfurt, marking a one-year change of -6.68%. The company is valued at €6.57 billion. According to the Financial Times, the 24 analysts offering 12-month price targets for Deutsche Lufthansa AG have a median target of €13.00, with a high estimate of €22.20 and a low estimate of €9.60. The median estimate represents a -8.39% decrease from the last price of €14.19.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
