Germany's Lufthansa to ground flights over high fuel costs, strikes [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: Yahoo! Finance
German flag carrier Lufthansa is grounding 27 aircraft from Saturday in response to high fuel costs and strikes. The company said 27 older aircraft operated by the Cityline regional subsidiary will be the first to be grounded. The aviation giant has been hit by a lengthy industrial dispute, with walkouts forcing hundreds of cancellations across Germany again on Thursday. A ceremony marking the airline's centenary on Wednesday was marred by the ongoing strikes by cabin crew, after a separate dispute involving pilots brought operations to a standstill earlier this week. Costs of fuel have been pushed up globally by higher crude oil prices due to the war in Iran.
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News
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- Iran war upends aviation strategies [Yahoo! Finance]Yahoo! Finance