All Lufthansa articles

  • Lufthansa parked aircraft

    Lufthansa halves new-aircraft intake and cuts jobs


    Lufthansa will halve the number of new aircraft it takes through to end-2023 as part of a second set of restructuring measures announced today.

  • Parked Lufthansa aircraft

    Lufthansa shareholders confirm bailout approval


    Lufthansa shareholders have approved a €9 billion ($10.1 billion) financial rescue from Germany’s economic stabilisation fund (WSF) at an extraordinary general meeting today. The vote in favour of the financial package was expected after the airline’s biggest shareholder Heinz-Hermann Thiele indicated he would support the deal. Under the ...

  • Lufthansa-stored fleet storage

    Lufthansa agrees savings package and peace deal with UFO union


    Lufthansa and its main flight attendant union UFO have reached a deal on savings and committed to building a “constructive social partnership” after acrimony over recent years.

  • Lufthansa parked aircraft

    Lufthansa poised for bailout as key shareholder set to back plan


    A vital €9 billion ($10.1 billion) state bailout of Lufthansa is set to be approved at an extraordinary general meeting today after key shareholder Heinz-Hermann Thiele indicated he would support the deal. Lufthansa had earlier this month said the €9 billion financial support package agreed with the German government ...

  • sunexpress

    Turkey’s SunExpress to axe German airline operation


    German-Turkish leisure carrier SunExpress is shutting its German division as part of a revamp of its operations which includes concentrating on its core business. Although SunExpress has gradually resumed flights since 1 June, restoring both domestic and international services, it says the coronavirus crisis “hit hard” during April and ...

  • Lufthansa parked aircraft

    Lufthansa warns bailout under threat over shareholder tussle


    Lufthansa has warned it might be unable to implement the €9 billion ($10 billion) financial support package agreed with the German government after the airline’s largest shareholder indicated he might vote against the package.

  • Parked Lufthansa aircraft

    Lufthansa job cuts to be spread across all units


    Lufthansa Group’s planned 22,000 job cuts will affect 600 pilots, 2,600 flight attendants and thousands of roles in its maintenance and catering divisions, the company has revealed.

  • Lufthansa

    Lufthansa to cut 22,000 jobs


    Lufthansa Group has outlined plans to cut the equivalent of 22,000 full-time jobs, half of which will be in Germany, and operate 100 fewer aircraft as it recovers from the effects of the Covid-19 crisis.

  • Austrian grounded fleet tails

    Lufthansa secures €600 million state aid package for Austrian


    Austria’s government has agreed with Lufthansa Group a financial support package for Austrian Airlines worth €600 million ($667 million) to secure its future operation as a network carrier in Vienna

  • Lufthana MRO

    Lufthansa chief indicates interest in future part-sale of MRO arm


    Lufthansa Group chief executive Carsten Spohr is not ruling out a possible future part-sale of the airline’s MRO arm, but stresses that the group intends to remain the majority shareholder as the technical division is “close to our heart”.

  • Lufthansa-stored fleet storage

    Lufthansa steps up restructuring as it confirms big jump in Q1 losses


    Lufthansa Group has confirmed its earlier guidance that it made an adjusted EBIT loss of €1.2 billion ($1.3 billion) in the first quarter and warns it still expects around 300 aircraft to be parked next year.

  • Ryanair
    In depth

    European carriers aim to cut their way through the crisis


    While the short-term focus among European carriers has been on finding ways to survive the crisis and resume services, airlines have been quick to signal sizeable cuts to their operations with few expecting traffic to return to previous peaks before 2023

  • Lufthansa A319

    Lufthansa Group urges shareholder support for aid package


    Lufthansa Group’s supervisory board has given its approval to stabilisation measures offered by the German federal WSF fund, accepting the conditions attached by the European Commission. The company is formally recommending that shareholders similarly approve the measures during an extraordinary general meeting set for 25 June. “It was ...

  • LH A330

    Lufthansa board approves revision to financial aid conditions


    Lufthansa Group’s executive board has accepted European Commission commitments in order to secure a financial package negotiated with a federal German stabilisation fund. But the supervisory board must still back the commitments, after it previously withheld approval. The company claims the scope of the conditions “has been reduced” ...

  • lufthansa aircraft at Frankfurt

    Lufthansa board delays state aid approval over EU conditions


    Lufthansa’s supervisory board has postponed pushing ahead with approving crucial state-supported funding because of European Commission conditions attached to the package.

  • LH A350

    Lufthansa Group secures finance package from economic fund


    Lufthansa Group has secured approval from the federal German government’s economic stabilisation fund, WSF, for a €9 billion financial package. Under the agreement the WSF will contribute up to €5.7 billion to Lufthansa’s assets including €4.7 billion in equity. The measure will be supplemented by a syndicated three-year ...

  • Lufthansa A320neo

    Lufthansa Group nears deal for €9bn financing package


    Lufthansa Group is holding advanced talks with the German economic stabilisation fund WSF for conditional assistance of up to €9 billion. The company says €3 billion of this assistance would take the form of a loan from bank KfW. Lufthansa Group says an agreement “has not yet been ...

  • Lufthansa-stored fleet storage

    Lufthansa 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.

  • Parked Lufthansa aircraft

    Lufthansa 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 ...

  • Lufthansa

    ​Lufthansa 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.