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Published: Wed, November 30, 2016
Economy | By Melissa Porter

Lufthansa pilots on strike again, 816 flights canceled

Lufthansa pilots on strike again, 816 flights canceled

The airline lost a German court bid to prevent its pilots from resuming strikes this week in a dispute that has caused nearly 4,500 flight cancellations in a month.

Short-haul flights departing across the country were affected on Tuesday, thus leading to 816 flights being cancelled of the 3,000 scheduled departure flights.

A total of seven Lufthansa flights are staying grounded in Budapest today due to the continuing global strike of pilots called by union Vereinigung Cockpit (VC), according to a press announcement sent to the Budapest Business Journal late Monday.

The strike is the 15th since the early 2014, and the costs are mounting.

Counting the four days of strikes a week ago, the dissent is set to be the longest in the organization's history, crossing a four-day walkout in March 2015.

Cockpit's compensation requests go "far beyond what other groups of employees have received", said Lufthansa faculty boss Bettina Volkens.

Analysts at Kepler Cheuvreux downgraded Lufthansa shares to "reduce" from "hold" on Tuesday, saying the strike jeopardized the company's 2016 profit target of around 1.8 billion euros.

But managers have rejected such a settlement, with their last offer a one-off bonus of just under two months' salary and a 4.4 percent pay increase spread over two years - a deal refused by Cockpit at the weekend.

Lufthansa has put on a special flight schedule as a two-day strike causes hundreds of flight cancellations.

Lufthansa has promised affected customers to rebook or cancel their flights free of charge.

VC rejected the latest pay offer from Lufthansa late on Friday and has also rebuffed a bid for mediation.

"We have been through many, many rounds with Lufthansa and have tried over and over again to attempt a reset and we have still not been presented with a reasonable offer".

"We stand no chance to survive", he said.

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