Lufthansa (DLAKY.PK) cancels nearly all of its flights in Europe as a strike by workers hits a...

|By:, SA News Editor

Lufthansa (DLAKY.PK) cancels nearly all of its flights in Europe as a strike by workers hits a feverish pitch. Though the company estimates the strike will cost it tens of millions of euros, shares are trading higher in Frankfurt with investors betting the hard line taken by the carrier with negotiations will pay off in the long run.