Aeroflot seeks shareholder approval to hike share capital
Aeroflot’s board has met to consider increasing the company’s authorised share capital as part of measures to improve its financial stability.
Lufthansa Group warns of compulsory job losses
Lufthansa Group is warning of compulsory job losses affecting mainline and Eurowings pilots, adding that the situation with ground staff is also uncertain.
Airbus logs orders but no long-haul deliveries in July
Airbus delivered 49 aircraft during July, and managed to log its first orders for almost four months.
Airline losses mount for second quarter after revenues collapse
Airlines routinely posted losses deeper than the revenue they brought in during the April-June quarter, as the virtual grounding of international scheduled services wiped out much of their business.
Lufthansa Group chief resists asset ‘fire-sale’
Lufthansa Group will not rush into a disposal of assets, but expects to focus more on its core operations as it progresses towards recovery from the air transport crisis.
Unnecessary A320 evacuation risked passengers’ being injured by engines
Passengers risked being sucked into the operating engine of a Lauda Airbus A320 after commencing an unnecessary evacuation of the aircraft at London Stansted, investigators have determined.
Lufthansa: Freight demand allows zero-passenger break-even on some routes
Lufthansa Cargo was among the few air transport operations to improve its performance over the course of the coronavirus crisis, as demand for freight capacity surged.
Lufthansa Group takes fleet impairment of €300m in first half
Lufthansa Group took an impairment charge of nearly €570 million over the first half, including €300 million relating to withdrawal of aircraft.
Lufthansa strives to restore long-haul network as it foresees 2024 recovery
Lufthansa Group is aiming to offer 50% of prior-year capacity on its long-haul network and 55% on short-haul in the fourth quarter of this year.
Croatia Airlines rejigs leases to cut costs
Croatia Airlines has postponed a long-term Airbus A319 lease, cancelled a similar Bombardier Q400 lease and dropped a CRJ1000 seasonal lease as part of measures to rein in costs over the first half.