Lufthansa shares are still green: Eurowings is canceling two-thirds of its flights

shares in this article

Of the 450 take-offs and landings originally planned at Düsseldorf, Cologne/Bonn, Stuttgart, Hamburg and Berlin airports, 307 have been canceled, the airline announced on Tuesday. After a day of work stoppage two weeks ago, the walkout continued on Monday, and should be over on Wednesday for the time being. “We assume that we can offer normal flight operations on Thursday,” said the airline spokesman. A spokesman for the Vereinigung Cockpit (VC) pilots’ union said the work stoppages planned for this week will end at midnight. It was initially unclear whether and when the parties would return to the negotiating table.

The pilots’ union Vereinigung Cockpit (VC) insists on improvements in working conditions and considers the employer’s most recent offer to be insufficient. Among other things, they offered ten additional days off per year, but VC wants 14. Management is willing to reduce the maximum weekly working time by three to 52 hours, and VC is demanding five hours less.

According to the company, every day of the strike costs the Lufthansa subsidiary a double-digit million euro amount. Because of these unscheduled costs, the management of Eurowings Germany put its growth plans for the coming year on hold – the fleet should be smaller than previously planned and there should not be any new appointments for the cockpit and cabin for the time being.

The Lufthansa share temporarily gained 1.59 percent on Wednesday via XETRA to 6.77 euros.

/wdw/DP/men

COLOGNE (dpa-AFX)

Image sources: Vacclav / Shutterstock.com