Air France predicts strike cost at $125

November 13, 2008 12:00:00 AM PST
Air France Chairman Jean-Cyril Spinetta says a planned four-day pilots' strike set to start Friday will cost the airline around 100 million euros ($125 million) in lost revenues. The walkout has been called to protest the French parliament's upcoming discussion of a reform bill that could extend the retirement age for pilots from 60 to 65.

Spinetta told RTL radio on Thursday the measure will allow some pilots to keep flying after 60 and leave conditions for others unchanged.

Air France has said it expects nearly half of its 833 scheduled mid- and long-haul flights to be canceled Friday.