All Lufthansa articles – Page 14
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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.
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NewsLufthansa 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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NewsFresh 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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NewsNew 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 end of this year. ...
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NewsLufthansa 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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NewsLufthansa 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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NewsLufthansa 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 Svensson, stepped down ...
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NewsLufthansa 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 Group executive board ...