All Lufthansa articles – Page 10
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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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In depth
How 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.
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News
Lufthansa agrees savings deal with pilots until March 2022
Lufthansa has struck a cost savings deal with its pilots which will avert layoffs until March 2022.
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News
Fresh Europe travel restrictions ‘worst possible timing’ for airlines: analysts
New restrictions on travel to and from the UK amid concerns over a new Covid-19 variant are the “worst possible timing” for airlines expecting a desperately needed boost in fortunes over the holiday period, in the view of analysts at Bernstein.
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News
New CEOs named at Swiss, Brussels Airlines and Lufthansa Cargo
Lufthansa Group has appointed three new chief executives from within its ranks to lead its Swiss, Brussels Airlines and Lufthansa Cargo subsidiaries from early next year. Dieter Vranckx will take the helm at Swiss on 1 January, succeeding Thomas Kluhr who is stepping down at the ...
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News
Lufthansa network carriers to end free meals on short-haul flights
Lufthansa, Swiss and Austrian Airlines are to switch to a buy-on-board meal service for economy passengers on short- and medium-haul flights next year.
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News
Lufthansa reaches savings deal with ground staff for 2021
Lufthansa has reached a preliminary €200 million ($237 million) savings deal with the Verdi union which provides employment protection for ground staff next year in return for concessions.
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News
Lufthansa Group names new chief financial officer
Lufthansa Group has appointed Remco Steenbergen to serve as chief finance officer from 1 January. He currently holds the same position at Swiss chocolate and cocoa manufacturer Barry Callebaut Group. Lufthansa says its finance department will be “re-established” with Steenbergen’s appointment. The airline’s previous finance chief, Ulrik ...
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News
Lufthansa lifts liquidity with €600m bond issue
Lufthansa has bolstered its liquidity by placing a €600 million ($712 million) convertible bond. The German airline group says the transaction was more than six times oversubscribed. The bonds, which have an annual coupon of 2%, are redeemable in November 2025. Source: Lufthansa Lufthansa ...
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News
Lufthansa prepares ground for possible part-sale of MRO unit
Lufthansa Group is making preparations for responding to enquiries from investors interested in taking a stake in its MRO division.
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News
Lufthansa to scale winter capacity back after further losses in third quarter
Lufthansa Group will cut capacity to no more than a quarter of previous-year levels for the rest of the 2020 after disclosing a third-quarter net loss of almost €2 billion ($2.3 billion).
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News
A321 brushed past glider during descent into Class E airspace
German investigators have attributed a serious airprox incident, in which a Lufthansa Airbus A321 crew failed to see a glider, to a decision allowing the jet to descend into Class E airspace during its approach to Hamburg. The encounter occurred north-east of Hamburg, on 23 July last year, as ...
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News
Lufthansa Cargo plans ‘extensive and dense’ winter operation
Lufthansa Cargo plans to operate an “extensive and dense” freighter network during the winter season as air freight demand has held up amid the pandemic.
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News
Deal restores flights between India and Germany
India has struck a deal to restore flights to Germany, which had ended abruptly in late September amid a row over parity of services.
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News
Lufthansa expects third-quarter EBIT loss of €1.3 billion
Lufthansa Group ’s preliminary third-quarter results indicate that losses were less steep than in the previous quarter, which it attributes to an expanded summer flight schedule and “considerable cost reductions”. The German airline group expects to post an adjusted EBIT loss of almost €1.3 billion ($1.5 billion) for the ...
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News
Lufthansa shifting A350s to Frankfurt to take over 747 routes
Germany’s Lufthansa is to shift a batch of Airbus A350-900s to Frankfurt, where they will take over routes operated by Boeing 747-8s. Lufthansa has so far focused A350 deployment exclusively on its Munich hub. The airline has 43 of the twinjets on order and has received 16 of ...
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News
No new pilots needed for ‘very long time’: Lufthansa training arm
Lufthansa’s in-house flight academy has advised student pilots to consider other careers as the industry will not require them “for a very long time”.
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News
Unions up the ante in row over Lufthansa’s Ocean plan
Three trade unions representing Lufthansa staff have sharply criticised the airline’s planned new leisure subsidiary Ocean in a joint open letter to German chancellor Angela Merkel.
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News
Lufthansa cancels Indian flights amid route rights row
Lufthansa is calling for a temporary agreement between Germany and India after it was forced to cancel flights to the country until 20 October amid a row over access under the current travel bubble arrangements. Germany was one of several countries India negotiated a “travel bubble” agreement with in ...
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News
Swiss chief Kluhr to step down at year-end
Lufthansa Group carrier Swiss’s chief executive, Thomas Kluhr, is to resign from his post at the end of this year, having delayed his departure from March. Swiss states that Kluhr, who has headed the airline for nearly five years, has requested that the board “release him from his duties”, ...
