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Latest Articles in lufthansa

Air India: Will it Finally Find Its Wings?

The Air India business model, post the disastrous decision in 2011 to amalgamate it with Indian Airlines, was simply unsustainable and this was the Modi government’s only viable option to untangle the mess it had inherited.

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Lufthansa Reports Smaller Than Expected Net Loss In Fourth-Quarter

Fourth quarter adjusted earnings before interest and taxes (EBIT) came at -1.29 billion euros, also better than the analyst forecast.

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Lufthansa Appoints Elise Becker As Vice-President For Asia-Pacific

Lufthansa Group and its airlines were among the strongest non-Asian carriers in the region before the coronavirus pandemic hit the industry.

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Lufthansa Terminates Services Of 103 India-Based Flight Attendants

Lufthansa said it was willing to 'absorb' all associated premiums during this period but 'unfortunately, consent to the agreement was revoked by the union on December 31.

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Lufthansa Hires Finance Head From Chocolate Maker Barry Callebaut

Steenbergen, a 52-year-old Dutchman who has managed Barry Callebaut's finances since March 2018, will be new to the aviation industry when he starts at Lufthansa in January.

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Lufthansa Reaches Crisis Deal With Union To Cut Costs

Lufthansa warned last week it would burn through more cash in the fourth quarter than in the third and that further restructuring measures would weigh on its results as it struggles to cope with the effects of the COVID-19 pandemic.

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Lufthansa Warns Of Further Restructuring Costs In Fourth Quarter

The airline, which has already announced plans to cut 20% of its leadership positions and 1,000 administrative jobs, aims to slash 22,000 full-time jobs.

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Lufthansa Plans Compulsory Lay-Offs As Forecasts Travel Slump To 2024

The sharp drop in passenger numbers pushed Lufthansa to a quarterly adjusted operating loss of 1.7 billion euros, the worst performance in its 65-year history.

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Lufthansa To Cut Leadership Positions, 1,000 Admin Jobs

Lufthansa already decided in early April to reduce its fleet by 100 aircraft and not to resume the operations of budget unit Germanwings.

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Lufthansa Shares Soar After Major Shareholder Backs Bailout Plan

The company struck a cost savings deal overnight with a union representing German flight attendants that would reap more than 500 million euros in savings.

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Lufthansa Warns Of Threat To Its $10 Billion Bailout Deal

Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, criticised the 9 billion euro ($10.1 billion) bailout, saying he had raised his stake in Lufthansa to over 15% and hoped alternative options could be explored.

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Germany Stamps Authority On Lufthansa With $9.8 Billion Lifeline

The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt

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Cabin Crew Union Demands Lufthansa Bailout Safeguards Jobs

Lufthansa is in advanced talks over a 9 billion euro ($9.8 billion) bailout with the government, which would involve Germany taking a 20% stake in the airline, but UFO said the plan would not ensure workers' rights.

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Lufthansa In Advanced Talks For State Rescue Deal Worth About $10 Billion

The concept includes a 3 billion euro loan from the state-backed bank KfW and a convertible bond, which can be exchanged for a further 5% stake plus one share in the event of a public takeover offer by a third party.

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Lufthansa Group Plans To Resume Flight Services To India In June

The airline group plans to offer around 1,800 weekly roundtrips to more than 130 destinations worldwide.

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