Iberia cancels 122 flights on Friday, 138 on Monday

20th Apr 2012 10:16

The Spanish airline, Iberia, cancelled 122 scheduled flights on Friday as industrial action by its pilots entered its 16th day.The airline, owned by International Airlines Group (IAG) said 58 national and 64 international flights scheduled for Friday have been cancelled, and another 138 flights scheduled for Monday have also been scrubbed. The pilots trade union SEPLA is staging strikes every Monday and Friday until July 20th.Iberia has calculated that each day of strikes costs the company €3m. The strikes carried out in December, January, and February are estimated to have cost more than €40 million euros.By 10:01, shares of IAG were up 0.58% to €2.091.SC