Lufthansa's Bumpy Ride: How Strikes Are Costing Millions!

Lufthansa's Bumpy Ride: How Strikes Are Costing Millions!

28 March 2024 By Johnber

,  NewsTogether

 

Germany’s famous airline, Lufthansa, is facing some big troubles lately. They’ve had to spend a whopping $271 million because of strikes! Imagine all the cool stuff you could buy with that much money!

The CEO, Remco Steenbergen, explained that these strikes have caused chaos. They messed up flight schedules and made it hard for passengers to fly where they want. One of their flights from Frankfurt to San Francisco had to be canceled for a whole week! That's a long time!

Because of all this, fewer people are booking flights with Lufthansa. They’re scared of getting caught in more strikes. Mr. Steenbergen said they want to make things better for their customers fast, but it’s tough with all these strikes happening.

This isn’t the first time Lufthansa has had problems with their workers. They argue about pay a lot. Now, they’ve even brought in a mediator to try to stop the strikes, especially with Easter coming up. It’s a busy time for travel!

But it’s not just Lufthansa having trouble. Even the trains in Germany are having protests, making travel even harder. Mr. Steenbergen is leaving Lufthansa because of all these issues. He’s going to work for a different company.

Because of all these problems, Lufthansa’s value has dropped a lot this year. That means their company isn’t doing as well in the stock market. And they said they’re going to lose even more money in the next few months because of all these strikes.

So, Lufthansa is going through a rough patch, but they’re hoping things will get better soon. Let’s cross our fingers for smoother skies ahead!

 

 

Connecting School

 

the relationship between strike and stock price

:strikes would lead to various problems in the economy, such as reduced production, scaring off investors, labor replaced by capital, etc.

Keywords

Troubles - problems or difficulties

Whopping - extremely large

Chaos - a state of confusion or disorder

Flight schedules - the timetable or plan for when flights will depart and arrive

Canceled - called off or made invalid

Mediator - a person who helps to resolve conflicts or disputes between two parties

Rough patch - a difficult or challenging period

Cross our fingers - to hope for good luck or success

Value - the monetary or estimated worth of something

Stock market - the place where shares of publicly traded companies are bought and sold

Messed up - to cause confusion or disorder

Bring in - to introduce or invite someone or something

 

 

All rights reserved by 비투게더

*printable 자료와 문제를 원하시면 아래 링크로!

https://cafe.naver.com/betogetherasone/30342

Lufthansa's Bumpy Ride: How Strikes Are Costing Millions! (printable 자료& 문제편)

 

SAT, ACT, TOEFL, MAP, AP, IB, SSAT 과외는 과외의 모든 것

비투게더(www.betogether.co.kr.)에서! 지금 유명 강사진을 꼭 확인하세요!