Trends - Lufthansa - Business Recorder

Business & Finance

Lufthansa expects flight operations to return to normal in 2023

BERLIN: Lufthansa does not expect its global airline operations to return to normal until 2023 after staff shortages...

Published 25 Jun, 2022 09:55am

Business & Finance

Lufthansa axes 3,000 flights over staff shortages

BERLIN: German national carrier Lufthansa said Thursday it was cancelling more than 3,000 flights during the summer...

Published 24 Jun, 2022 07:18am

Markets

Lufthansa aims for 20% stake in ITA Airways

FRANKFURT: Germany’s Lufthansa wants to acquire a 20% stake in state-owned Italian airline ITA Airways, the...

Published 24 May, 2022 07:45pm

Business & Finance

Lufthansa says fuel costs offset post-COVID travel boom in Q1

FRANKFURT: Germany’s flag carrier Lufthansa reported a bigger-than-expected quarterly loss on Thursday as rising...

Published 05 May, 2022 12:55pm

Business & Finance

Lufthansa CEO says optimistic about offer for ITA

BERLIN: Lufthansa is optimistic about the success of its potential bid for a stake in Italy’s ITA Airways led by...

Published 04 Apr, 2022 03:12pm

Business & Finance

Delta, Air France-KLM eye majority stake in ITA airways

MILAN: Delta Airlines, Air France-KLM, with the backing of an international fund, have presented an expression of...

Published 10 Mar, 2022 12:27pm

World

Neutral Switzerland's economy shaken by sanctions on Russia

ZURICH: Switzerland's newly adopted tough stance on Russia has forced the Swiss economy to readjust to sanctions,...

Published 05 Mar, 2022 09:45am

Business & Finance

Lufthansa narrows losses in 2021; uncertainties abound in 2022

BERLIN: Germany's Lufthansa, which narrowed its losses in 2021 but remained in the red, said it could not provide a...

Published 03 Mar, 2022 11:18am

World

Germany asks citizens to leave Ukraine 'urgently'

MUNICH: Germany's foreign ministry said Saturday that German citizens were "urgently requested to leave (Ukraine)...

Published 19 Feb, 2022 09:10pm

Business & Finance

Lufthansa says it will respond to German cartel office over Condor

BERLIN: Lufthansa said on Tuesday it would respond to a decision by Germany's cartel office that charter airline...

Published 08 Feb, 2022 03:56pm

World

Over 7,000 flights scrapped as Omicron hits weekend travel

NEW YORK: More than 7,000 flights have been canceled worldwide over the Christmas weekend and thousands more ...

Published 27 Dec, 2021 06:45am

Print

Omicron wave forces Lufthansa to axe 33,000 flights

FRANKFURT: German national carrier Lufthansa will cut its winter flight plan by “around 10 percent” as the ...

Updated 24 Dec, 2021 10:26am

Business & Finance

Germany's Lufthansa raises $1.7 billion in corporate bond sale

Germany's Lufthansa said on Tuesday it raised 1.5 billion euros ($1.73 billion) in a corporate bond sale, its third...

Updated 09 Nov, 2021 11:57pm

Business & Finance

Lufthansa jumps back to profit as travel restrictions ease

BERLIN: Germany's Lufthansa posted a return to operating profit in the third quarter on Wednesday for the first time...

Published 03 Nov, 2021 11:11am

Business & Finance

Lufthansa pays off another $1.7 billion in bailout cash

BERLIN: Lufthansa said Monday it had paid back in advance 1.5 billion euros ($1.7 billion) of state aid obtained ...

Published 12 Oct, 2021 12:40pm

Business & Finance

World's beautiful, Airbus says as air industry sets out green goals

The European company, which last year announced plans to develop a hydrogen-powered airplane from 2035

Published 23 Sep, 2021 10:34am

Business & Finance

Lufthansa launches $2.5bn capital increase to repay state bailout

FRANKFURT: Lufthansa said on Sunday it would launch a capital increase that was expected to raise 2.14 billion euros...

Published 20 Sep, 2021 05:23am

Business & Finance

Lufthansa plans more flights to woo business travellers

BERLIN: German airline Lufthansa aims to win back business travellers by increasing the number of flights and...

Published 30 Aug, 2021 06:33am

Business & Finance

Lufthansa narrows quarterly loss, returns to positive cash flow

Lufthansa also confirmed its target to reach 40% capacity level for the entire year 2021, with the operating loss significantly below last year's nearly 5.5 billion euros

Published 05 Aug, 2021 12:09pm

World

Russia approves Air France, Lufthansa routes avoiding Belarus

PARIS/BERLIN: Air France and Lufthansa have received approval from Russia for flight routes to the country that ...

Published 30 May, 2021 03:51am

World

EU air traffic agency eyes Baltic routes for flights shunning Belarus

The EU will also shut out the Belarusian carrier Belavia from its skies and airports. Lufthansa, KLM, SAS, Air France, LOT and Singapore Airlines were among carriers that announced they would stop flying over Belarus.
"Airlines avoiding the airspace of Belarus may well have an additional time and fuel cost, depending on the route. Longer haul routes will generally be relatively less affected."

Published 25 May, 2021 07:35pm

Business & Finance

Lufthansa flies into another quarterly loss

FRANKFURT: Lufthansa on Thursday lowered its expectations for a travel rebound in 2021 despite optimism about...

Updated 30 Apr, 2021 10:30am

Business & Finance

Lufthansa to resume flights from Frankfurt to Tehran this month

Lufthansa had suspended flights in January 2020 after a Ukranian airliner was shot down soon after take-off from Tehran.
The airline said it has since assessed security measures by Iran with national and international authorities.

Published 02 Apr, 2021 07:08pm

Business & Finance

Lufthansa weighs faster plane retirements after record loss

Lufthansa reports 6.7 bln euro loss for 2020.
Trims 2021 capacity plans as pandemic drags on.
Summer upturn still in sight – CEO.

Updated 04 Mar, 2021 09:51pm

Business & Finance

Lufthansa posts record annual loss, sees long recovery

In June, it was offered a lifeline by the German government, which pumped in nine billion euros for a 25 percent stake.

Published 04 Mar, 2021 05:34pm

Markets

Rising US yields knock European stocks, miners slump

German airline Lufthansa dropped almost 2% after it posted record losses for 2020 and trimmed its 2021 capacity plans as COVID-19 disruption drags on.

Published 04 Mar, 2021 01:58pm

Business & Finance

Lufthansa adds more summer holiday destinations in bet on recovery

Germany's largest airline said it was planning to add around 20 new destinations from Frankfurt and 13 from Munich to locations such as the Caribbean, the Canary Islands and Greece.
COVID-19 vaccines and testing, along with strict hygiene rules at airports and on planes, will be prerequisites for travel this summer, it said.

Published 25 Feb, 2021 08:39pm

Business & Finance

Lufthansa rejects Condor allegations of market position abuse

Lufthansa was granted a 9 billion euro ($10 billion) government bailout that came with conditions to preserve competition including the transfer to rivals of some take-off and landing slots at German airports.
Earlier this month, Condor asked the European Court of Justice to stop Lufthansa from cancelling the agreement.

Published 24 Feb, 2021 09:41pm

Markets

European stocks edge higher as tech gains counter virus woes

The STOXX 600 ended last week almost flat after data showed Europe's dominant service sectors took a hard hit from renewed lockdowns in January.

Published 25 Jan, 2021 03:16pm

Business & Finance

Lufthansa has cut losses to a million euros every two hours, says CEO

The airline is still hoping for a strong travel recovery from the northern summer onwards, Spohr added, and expects to run at 40-60% of pre-crisis capacity for the year as a whole.

Published 22 Jan, 2021 12:09pm