Despite political unrest and natural disasters, the Lufthansa group has posted an operating profit of €3 million for the first six months of 2011.
The International Air Transport Association cut its 2011 airline-industry profit forecast by 54 percent because of higher oil prices, political protests in the Middle East and North Africa, and the Japan earthquake. (Bloomberg)
The ITF is one of the global union federations that are, along with the ITUC (International Trade Union Confederation), declaring their solidarity with the workers in the Arab world standing up for democracy and social justice this May Day.
Civil war is looming at Qantas, threatening the biggest industrial brawl since the Waterfront dispute and the possibility of more travel disruptions for disgruntled holiday-makers. ABC News – Australia
Unions need to focus on jobs, decent work, organising and powerful workers if they are to challenge the devastating impact of the world economic crisis, said the general secretary of the International Trade Union Confederation (ITUC) Sharan Burrow.
The ITF has offered help to all those affected by the Japanese earthquake. Updates in a dedicated website.
Watch this video about the National Day of Action on April 4 organized by the AFL-CIO of the USA. For more information visit http://www.we-r-1.org/ We are ONE
In stocks news, International Consolidated Airlines falls on news that the International Transport Workers’ Federation…(Dow Jones)