ANL 27.50 Decreased By ▼ -0.39 (-1.4%)
ASC 17.01 Decreased By ▼ -0.19 (-1.1%)
ASL 23.90 Decreased By ▼ -0.10 (-0.42%)
AVN 93.69 Increased By ▲ 1.49 (1.62%)
BOP 9.51 Decreased By ▼ -0.16 (-1.65%)
BYCO 9.75 Increased By ▲ 0.05 (0.52%)
DGKC 110.25 Decreased By ▼ -0.75 (-0.68%)
EPCL 47.79 Decreased By ▼ -0.23 (-0.48%)
FCCL 21.27 Decreased By ▼ -0.13 (-0.61%)
FFBL 27.41 Decreased By ▼ -0.46 (-1.65%)
FFL 18.80 Decreased By ▼ -0.20 (-1.05%)
HASCOL 14.56 Decreased By ▼ -0.06 (-0.41%)
HUBC 86.67 Increased By ▲ 2.65 (3.15%)
HUMNL 7.33 Increased By ▲ 0.26 (3.68%)
JSCL 30.94 Increased By ▲ 0.44 (1.44%)
KAPCO 41.05 Increased By ▲ 0.67 (1.66%)
KEL 4.10 Decreased By ▼ -0.01 (-0.24%)
LOTCHEM 16.25 Increased By ▲ 0.35 (2.2%)
MLCF 43.02 Decreased By ▼ -0.09 (-0.21%)
PAEL 39.90 Decreased By ▼ -0.16 (-0.4%)
PIBTL 12.61 Decreased By ▼ -0.08 (-0.63%)
POWER 11.39 Increased By ▲ 0.14 (1.24%)
PPL 94.00 Decreased By ▼ -1.80 (-1.88%)
PRL 23.99 Decreased By ▼ -0.74 (-2.99%)
PTC 9.50 Decreased By ▼ -0.14 (-1.45%)
SILK 1.26 Increased By ▲ 0.04 (3.28%)
SNGP 45.00 Decreased By ▼ -0.83 (-1.81%)
TRG 106.45 Increased By ▲ 0.60 (0.57%)
UNITY 34.18 Increased By ▲ 2.28 (7.15%)
WTL 1.13 Decreased By ▼ -0.02 (-1.74%)
BR100 4,833 Decreased By ▼ -22.35 (-0.46%)
BR30 24,693 Decreased By ▼ -86.65 (-0.35%)
KSE100 45,677 Decreased By ▼ -226.29 (-0.49%)
KSE30 19,026 Decreased By ▼ -127.11 (-0.66%)

Lufthansa

Lufthansa reaches deal with Eurowings on jobs

Lufthansa reaches deal with Eurowings on jobs

  • Some 2,000 ground staff and cabin crew at Eurowings will have their jobs secured until March 31, 2022.
  • The trade union is also in talks about the possibility of Eurowings recruiting employees who lost their jobs at Lufthansa.
Published 18 Jan, 2021 06:32pm
Airlines cull South Africa routes as virus flares
Business & Finance

Airlines cull South Africa routes as virus flares

  • A growing list of countries are limiting travel to and from South Africa since a more transmissible variant of the virus, dubbed 501Y.V2, was announced in December.
  • Emirates this week announced a 13-day halt on all South Africa routes for "operational reasons".
Published 15 Jan, 2021 09:28pm
German airline Lufthansa reaches deal with pilots on cost savings
Business & Finance

German airline Lufthansa reaches deal with pilots on cost savings

  • Like its rivals, Lufthansa is struggling to deal with global travel restrictions and grounded fleets in the wake of the coronavirus pandemic.
  • Lufthansa is ruling out layoffs of pilots for operational reasons at Lufthansa, Lufthansa Cargo, Lufthansa Aviation Training and a subgroup of Germanwings pilots until March 2022.
Published 23 Dec, 2020 06:23pm
Lufthansa to start rapid pre-flight coronavirus tests in Germany
Business & Finance

Lufthansa to start rapid pre-flight coronavirus tests in Germany

  • Only those testing negative or able to provide evidence of a negative test within the previous 48 hours will be allowed to board.
  • The carrier will use the tests for two daily flights between Munich and Hamburg from Nov. 12 onwards to see how the test procedure can be included in the pre-flight routine.
Published 06 Nov, 2020 07:52pm
Lufthansa braces for very slow recovery in passenger demand
Business & Finance

Lufthansa braces for very slow recovery in passenger demand

  • First-quarter capacity is expected to be up to 25% of pre-crisis levels, unchanged from the current quarter and well short of the 50% previously envisaged by the end of this year.
  • Business customers, traditionally the carrier's cash cow, remain a rarity but are returning on the carrier's China routes.
Published 27 Oct, 2020 07:13pm
Lufthansa to cut leadership positions, 1,000 admin jobs
Business & Finance

Lufthansa to cut leadership positions, 1,000 admin jobs

  • Lufthansa said it would also cut the investment volume for new aircraft in half, with its financial plan allowing for up to 80 new aircraft for the group's fleet up to 2023.
  • Lufthansa already decided in early April to reduce its fleet by 100 aircraft and not to resume the operations of budget unit Germanwings.
Published 07 Jul, 2020 06:21pm
Lufthansa shares down on bailout standoff with shareholder
Markets

Lufthansa shares down on bailout standoff with shareholder

  • The stock was down 5.2% at 1101 GMT, as billionaire investor Heinz Hermann Thiele met senior government officials at the finance ministry.
  • Thiele, who holds 15.5% of the group, objects to bailout terms that would see Germany acquire a 20% stake and bo
Published 22 Jun, 2020 05:48pm
Lufthansa vows extensive revamp as losses balloon
Business & Finance

Lufthansa vows extensive revamp as losses balloon

  • Brussels Airlines will reduce its fleet by 30pc and its workforce by 25pc while Austrian Airlines' fleet and personnel costs are to be cut by 20pc.
  • The sale of non-core operations is also on the cards in the medium term, the group said, having postp
Published 03 Jun, 2020 06:12pm