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Lufthansa

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

Business & Finance

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

The group last year received a 9 billion euro bailout in which the German government took a 20% stake.

Published 21 Jan, 2021 09:46pm

Business & Finance

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

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

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

Business & Finance

Lufthansa lifts convertible bonds offering to 600mn euro

Germany's flagship carrier lifted an offering of 2025 senior unsecured convertible bonds.
The airline, which is reeling from the impact of the coronavirus pandemic on travel.

Published 10 Nov, 2020 06:05pm

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

Business & Finance

Lufthansa braces for 'challenging' winter on 2bn euro loss

Losses were reduced due to "strict cost savings and the expansion of our flight programme" in the summer months, Spohr said.

Published 05 Nov, 2020 06:01pm

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

Business & Finance

Lufthansa steps up cuts to fleet and staff as outlook dims

Will reduce fleet by 50 more planes than planned.
Smaller fleet will lead to more job cuts.
Will take 1.1 bln euro writedown in third quarter.

Published 21 Sep, 2020 11:58pm

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

Business & Finance

Lufthansa says it has not yet reached agreement with unions on crisis package

The bailout is also being complicated by shareholder Heinz Thiele, who owns a 15.5% stake and says the state.
Thiele could abstain from the June 25 vote, veto the package, or take legal action afterwards, local media reports say.

Published 23 Jun, 2020 05:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Petrol/Litre / May 10	288.49
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Diesel/Litre / May 10	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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