Lufthansa has taken a �70 million ($97 million) hit from several strikes in Germany this year, outgoing Lufthansa chairman and CEO Christoph Franz said at his last AGM on Tuesday.
He said the three-day pilot strike in early April cost the company �45 million. Luftha
Negotiations between Lufthansa management and pilot union Vereinigung Cockpit�for better pay and working positions for Lufthansa Passenger Airlines, Lufthansa Cargo and Germanwings pilots�are ongoing; additional strikes are possible.
In his nearly three years at the helm of Lufthansa, Franz implemented the company�s cost-savings program SCORE. He expects Lufthansa to generate an operating profit in 2014 between �1.3 billion and �1.5 billion.
From May 1, Carsten Spohr�formally in charge of Lufthansa Passenger Airline�will succeed Franz as chairman and CEO. Franz will take up a new position as chairman of Swiss healthcare firm Roche, where he is a board member.
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