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After market 03:59:37 pm | |||
| 6.716 EUR | +0.87% |
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6.68 | -0.54% |
| 06:21pm | United Airlines cancels flights to Tel Aviv through May 2 on security concerns | RE |
| 11:06am | Lufthansa evaluates new China routes amid slow recovery in capacity | RE |
VIENNA (Reuters) - The CEO of German airline Lufthansa defended the carrier’s hard line on strikes on Wednesday after pilots’ union Vereinigung Cockpit threatened further walkouts in a row over retirement benefits and cost cuts.
Carsten Spohr said changes in the aviation industry left Lufthansa with no other choice than to lower costs so it can compete with budget carriers.
"If strikes are the price to pay to make Lufthansa fit for the future, then we must pay it," he told journalists on the sidelines of a conference in Vienna.
(Reporting by Angelika Gruber; Writing by Victoria Bryan; Editing by Maria Sheahan)
| 1st Jan change | Capi. | |
|---|---|---|
| -16.55% | 8.5B | |
| +18.11% | 30.68B | |
| +7.10% | 24.98B | |
| -4.73% | 19.22B | |
| +24.02% | 16.91B | |
| +19.99% | 16.58B | |
| -24.49% | 14.18B | |
| +32.33% | 12.58B | |
| -22.36% | 12B | |
| +9.35% | 10.41B |
LUFTHANSA 
