All Lufthansa articles – Page 16
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NewsLufthansa in talks over state role in €9bn rescue package
German carrier Lufthansa is continuing negotiations for a €9 billion stabilisation package from the German government’s Federal Economic Stabilisation Fund (WSF) as it bids.
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NewsLufthansa reluctant to accept state aid with conditions attached
Lufthansa Group is holding “intensive talks” with governments in Germany, Austria and Belgium about the provision of state aid to help its airlines survive the coronavirus crisis, but the company appears reluctant to accept any support that comes with conditions attached. In a speech to shareholders at Lufthansa’s annual general ...
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NewsLufthansa aims for autumn restart ‘at the earliest’
Lufthansa Group will remain grounded throughout the summer and does not expect a new market “balance” to be found until 2023, chief executive Carsten Spohr will tell the company’s annual general meeting on 5 May, in a speech pre-released on its website.
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NewsLufthansa in financing talks after disclosing Q1 loss of €1.2bn
Lufthansa Group is in talks with the home governments of its various airlines over financing support after revealing it expects to have posted a €1.2 billion ($1.3 billion) adjusted EBIT loss for the first quarter fo 2020.
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PodcastAirline Business podcast: What will industry look like when flying restarts?
With talk in some regions turning to how airline markets might open up again as coronavirus cases peak, Graham and Lewis examine the current state of the industry and where it might be heading. Among the topics considered, they look at Virgin Australia’s demise and the moral hazard faced by ...
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NewsLufthansa retires six A380s early for reduced post-crisis fleet
Lufthansa is prematurely phasing out six Airbus A380s as part of fleet cuts across the airline group in preparation for an operational restart with reduced capacity when the coronavirus crisis recedes.
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NewsLufthansa Group finance chief resigns citing health reasons
Lufthansa Group chief financial officer Ulrik Svensson has resigned from his position, citing health reasons. The German airline company has disclosed that he will step down on 6 April. It has not given any further details on the circumstances behind Svensson’s decision. He has served as the company’s finance head ...
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NewsLufthansa Group parks 700 aircraft in crisis response
Lufthansa Group is unable to predict how much its profit will fall this year as it confirmed a 95% capacity reduction to battle the coronavirus outbreak. “At present, no one can foresee the consequences,” notes chief executive Carsten Spohr in a statement accompanying 2019 earnings. “We have to counter this ...
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NewsCondor acquisition ‘distorts competition’: Lufthansa
Lufthansa has sharply criticised the planned acquisition of German leisure airline Condor by Polska Grupa Lotnicza, the parent of Polish flag carrier LOT, labelling it an example of “dubious” state intervention that “distorts competition”.
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NewsLufthansa considers suspending A380 fleet over outbreak
Lufthansa is evaluating a temporary grounding of its entire Airbus A380 fleet as part of capacity cuts in response to the coronavirus outbreak. The Star Alliance airline says it may reduce capacity by up to 50% over the coming weeks – more than previously planned – as a result of ...
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NewsLufthansa to make Brandenburg switch in November
Lufthansa Group intends to transfer its mainline operations from Berlin Tegel to the German capital’s new Brandenburg airport a week after the long-delayed opening on 31 October.
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NewsLufthansa to cut short-haul operations by up to a quarter to counter coronavirus
Lufthansa Group is to cut its short and medium-haul operations by up to 25% in the coming weeks as it moves to counteract the air travel impact of the coronavirus.
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NewsLufthansa puts in hiring freeze and unpaid leave offer to counter coronavirus hit
Lufthansa Group is implementing a hiring freeze and offering staff unpaid leave as part of cost-cutting measures amid the impact on air travel demand from the coronavirus outbreak. While the airline group says it is too early to estimate the earnings impact of the coronavirus outbreak, its network operators Lufthansa, ...
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NewsLufthansa effectively grounds 13 widebodies amid China suspension
Lufthansa has made a network capacity cut equivalent to 13 widebodies, after suspending services to mainland China amid the coronavirus outbreak. The Star Alliance group says it is taking the opportunity to carry out maintenance work and add reserve capacity in Frankfurt, Munich, Vienna and Zurich. “The 13 aircraft are ...
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NewsHow A4E is answering Europe’s airline sustainability challenge
Sustainability is the hot topic for industry body Airlines for Europe (A4E) as it heads towards its annual Aviation Summit in Brussels on 3 March.
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NewsLufthansa appears to trim A350 orders
German flag-carrier Lufthansa appears to have trimmed its Airbus A350-900 order, cutting two aircraft from its commitment. Lufthansa ordered 25 A350-900s in 2013 and supplemented this agreement last year with a deal for another 20. But Airbus’s latest backlog revision, covering January 2020, indicates the carrier has reduced its order ...
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Airline BusinessRyanair heads European traffic as airlines slow pace in 2019
Strong growth at its new Austrian unit Lauda helped low-cost carrier Ryanair reclaim its position as the biggest European airline group by passenger number in 2019, though overall growth among leading carriers in the region lagged previous years.
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News
Lufthansa's talks with cabin crew union break down again
Lufthansa’s German flight-attendant union UFO is threatening industrial action after talks in preparation for an arbitration process broke down for the second time this month.
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PodcastPODCAST: Airline Business on Air Europa, Brazil, Emirates, Max
The new edition of the Airline Business podcast is now available.
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Airline BusinessClimate tightens in third quarter for European airlines
Third quarter results and commentary from Europe’s major airline groups illustrate the tighter markets in which they are operating in as softer yields and the sharp decline in air cargo demand curb profits for airlines in the region.