All Lufthansa articles – Page 12
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NewsLufthansa to operate 40% capacity this year after posting €1.1bn Q1 loss
Lufthansa Group expects to operate around 40% of pre-crisis capacity across this year after today disclosing an adjusted EBIT loss of €1.1 billion ($1.3 billion) as the pandemic continued to hit traffic in the first quarter.
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NewsSwiss poised to announce further cuts and pivot to leisure markets
Lufthansa Group carrier Swiss is set to announce a further reduction in the size of its business and an increased focus on leisure markets, according to the airline’s chief executive, Dieter Vranckx.
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Airline BusinessWhat future does the A380 have in a post-pandemic travel world?
Already a luxury of debatable value to many operators before the crisis, the A380 appears even less well-suited to a market featuring depressed travel demand and a focus on cargo
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NewsA350 to be converted into Lufthansa’s latest atmospheric research platform
One of Lufthansa’s Airbus A350-900s is undergoing an extensive conversion programme, being fitted with equipment to enable the twinjet to operate as the carrier’s latest climate research platform. The aircraft (D-AIXJ) was delivered to the German flag-carrier three years ago, in May 2018. Lufthansa says it will be transformed into ...
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NewsLufthansa to seek shareholder authority for possible capital increase
Lufthansa Group is to seek approval from shareholders for a potential €5.5 billion ($6.5 billion) capital increase aimed at repaying equity invested in the carrier last year through Germany’s economic stabilisation fund (WSF).
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NewsLufthansa expands rail offering through Deutsche Bahn
Lufthansa is expanding its joint product with German rail operator Deutsche Bahn as it looks to improve connectivity and reduce emissions.
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NewsLufthansa chief says fleet and failures can offset corporate travel slump
Fleet adjustments and the failures of other airlines are likely to offset the impact of an accelerated fall in demand from business travellers in the coming years, according to Lufthansa Group chief executive Carsten Spohr.
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NewsLufthansa Group fleet fell by six aircraft in 2020, but dozens will follow
Lufthansa Group’s fleet was just six aircraft smaller year on year on 31 December 2020, as it made tentative steps towards a much larger reduction.
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NewsHope lies in leisure and cargo as Lufthansa suffers 2020 loss of €6.7bn
Lufthansa Group is prepared to offer up to 70% of its pre-crisis capacity from the coming summer season, as it reports its latest steps towards emerging from the pandemic as a structurally smaller operator.
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NewsInfluential Lufthansa Group shareholder Thiele dies
German entrepreneur Heinz-Hermann Thiele has died, a year after he emerged as a substantial shareholder in Lufthansa Group and threatened to reject a crucial bail-out for the airline company. Thiele was the majority shareholder and deputy chair of rail and commercial vehicle systems supplier Knorr-Bremse. The company says he “passed ...
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Airline BusinessAirline Business special: CEOs to watch in 2021
As the Covid-19 crisis moves into its second year, we feature some of the airline chiefs whose success or otherwise will be bellwethers of the industry’s recovery in 2021.
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NewsLufthansa in talks for smaller types after A380 and 747 withdrawal: Spohr
Lufthansa Group is holding talks with Airbus and Boeing to bring smaller aircraft into the fleet in place of the larger types the company is withdrawing as a consequence of the air transport crisis. Chief executive Carsten Spohr told a German symposium, hosted by the London School of Economics on ...
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NewsLufthansa repays KfW loan early after €1.6bn bond issue
Lufthansa Group is to pay back early its loan from financial firm KfW following the German airline company’s issuing of €1.6 billion in bonds. The group says it has placed the bonds in two tranches, with terms of four and seven years. Lufthansa’s initial tranche of €750 million runs to ...
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NewsGermany shuts border to travellers from Ireland and Portugal
Germany has shut its border to two fellow European Union nations in an effort to halt the spread of coronavirus mutations that are more-easily transmitted.
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NewsCO2 emissions track falling air traffic in Europe but with ‘variation’
Flights across European airspace in 2020 saw a fall in CO2 emissions that was largely in line with declining flight numbers, according to data released by Eurocontrol.
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NewsLufthansa now losing €1m every two hours, rather than every hour
Lufthansa Group is losing €1 million ($1.2 million) every two hours amid the Covid-19 crisis – an improvement from losing the same amount every hour at points last year.
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NewsCondor files complaint after Lufthansa ends feeder deal
German leisure carrier Condor has complained to federal competition authority Bundeskartellamt about Lufthansa Group’s decision to terminate a feeder flight agreement.
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NewsRegional jets will be ‘tactical weapon’ in airline recovery: CityJet chief
Regional jets are likely to become an important tool for Europe’s mainline carriers as the recovery from the Covid-19 crisis begins, according CityJet chief executive Pat Byrne.
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NewsLufthansa raises €500 million with A350s and A320s as security
Lufthansa has used eight of its aircraft as security in a range of financing transactions which have raised €500 million ($614 million) since last July.
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Airline BusinessHow many jobs have Europe’s airlines cut in 2020?
Tens of thousands of jobs have been lost in Europe’s airline sector since the crisis began, as carriers seek to reduce cash burn and ‘right-size’ for the eventual recovery in demand.