Mon, May 28, 2012, 7:12 PM EDT - U.S. Markets closed for Memorial Day

Summary Box: French strike cancels many flights

Summary Box: Hundreds of flights again canceled in third day of French aviation strike

GROUNDED: Air France canceled up to 40 percent of its long-distance flights Wednesday because of a strike by pilots and other personnel over their right to hold unannounced walkouts.

STRIKE PRICE: The airline is recommending that passengers postpone flights through Friday, when the strike is expected to end. It's costing the company, one of the world's leading airlines, $10.5 million to $13.1 million per day, an Air France official said.

TOO MANY STRIKES? Striking pilots, cabin and ground crews are protesting a draft law that would require them to give 48 hours' notice before striking. The government argues the bill will protect passengers in a country with frequent strikes.

 

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