Lufthansa cabin crew union calls off strike

• The main cabin crew union at Lufthansa (OTCQX:DLAKY) is calling off a strike planned for this week after progress was made in talks with management over retirement and pension benefits.
• Relations between the two sides soured over the past few months as Lufthansa sought to push cost cuts, resulting in the airline's cabin crew staging the longest ever strike in the history of the German carrier.