Lufthansa, pilot union sign deal on pay and pensions

 (Reuters) - Lufthansa (LHAG.DE) and its main pilots union have signed a wide-ranging agreement on pay, pensions and conditions, which will boost the airline’s profit this year and brings an end to a long-running row between the two sides.
The deal will bring Lufthansa’s cockpit staff costs down by 5 percent and reduce pension liabilities this year by a high three-digit million euro amount, with a corresponding positive effect on earnings before interest and tax.
Its shares rose by 2.7 percent after the statement.
Lufthansa, pilot union sign deal on pay and pensions Lufthansa, pilot union sign deal on pay and pensions Reviewed by Alexander Von Stern on 08:21:00 Rating: 5