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Deutsche Lufthansa AG (LHAG.DE)

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Latest Key Developments (Source: Significant Developments)

Deutsche Lufthansa gives FY 2016 adjusted EBIT outlook, to propose FY 2015 dividend
Wednesday, 16 Mar 2016 08:00pm EDT 

Deutsche Lufthansa AG:Will propose to the Annual General Meeting that a dividend of 0.50 euros per share be distributed for FY 2015.Expects to again slightly improve its adjusted EBIT in FY 2016.The forecast does not, however, include any earnings impact from possible strikes.  Full Article

Deutsche Lufthansa and cabin crew union reach agreement on pay, pensions - Reuters
Friday, 22 Jan 2016 04:30am EST 

Deutsche Lufthansa AG:Signs agreement on mediation with cabin crew union - Reuters.Agreement means cabin crew strikes ruled out until end June.Has already agreed new pay deal for cabin crew.Pay deal runs until Sept. 2016 and sees around 19,000 cabin crew receiving a one-off payment of 3,000 euros for 2015, plus a pay rise of 2.2 percent from Jan. 1, 2016.New pay deal for the period from Oct. 1 will be part of the mediation process, as will any details on pensions that can't be agreed before Feb. 15.  Full Article

Deutsche Lufthansa AG - EU court backs Air France KLM SA, other airlines in cartel challenge - Reuters
Wednesday, 16 Dec 2015 03:00am EST 

Deutsche Lufthansa AG:Europe's second highest court backed on Wednesday a challenge by Air France-KLM AIRF.PA and other airlines against a near 800 million-euro ($873.9 million) cartel fine handed down to the group five years ago for fixing prices of air cargo - RTRS."The General Court annulled the decision by which the Commission imposed fines amounting to approximately 790 million euros on several airlines for their participation in a cartel on the air freight market," the General Court said in its ruling. - RTRS.The European Commission in its 2010 decision said that 11 air cargo carriers fixed surcharges for fuel and security from December 1999 to February 2006. - RTRS.The other carriers were Air Canada, KLM, Martinair, British Airways, Cargolux, Cathay Pacific Airways, Japan Airlines, LAN Chile, Qantas, SAS and Singapore Airlines - RTRS.Lufthansa LHAG.DE escaped a sanction because it blew the whistle on the cartel. - RTRS.Air France took the biggest hit with a fine of 182.9 milion euros while KLM came in second at 127.2 million euros. The two carriers merged to form Air France-KLM in 2004 - RTRS.  Full Article

Deutsche Lufthansa AG cabin crew union calls off this week's strike - Reuters
Tuesday, 24 Nov 2015 10:01pm EST 

Deutsche Lufthansa AG:The main cabin crew union at Lufthansa has called off a strike planned for this week after progress was made in talks with management over retirement and pension benefits - RTRS.Relations between the two sides had soured over recent months as Lufthansa sought to push through cost cuts, resulting in cabin crew staging the longest ever strike in the history of the German carrier earlier this month - RTRS.The cabin crew union, UFO, had on Monday threatened to hold further walkouts from Thursday in the long-running and bitter row - RTRS.However, the union cautioned on Wednesday that further agreements on jobs needed to be achieved by that date in order to prevent further strikes - RTRS.  Full Article

Deutsche Lufthansa AG cabin crew to strike Thursday, Friday - Reuters
Monday, 23 Nov 2015 02:15am EST 

Deutsche Lufthansa AG:Lufthansa cabin crew have been called to another round of strikes starting Thursday and Friday, the head of trade union UFO, Nicoley Baublies, told Reuters on Monday. More details on the planned action are to follow, he said - RTRS.  Full Article

Deutsche Lufthansa AG invites unions to discuss retirement schemes, jobs - Reuters
Thursday, 19 Nov 2015 02:30am EST 

Deutsche Lufthansa AG:Lufthansa has invited the main three trade unions representing its staff to a round table to discuss job and retirement schemes, it said on Thursday, as the carrier tries to improve relations with staff after damaging strikes - RTRS.The airline has asked unions representing pilots, cabin crew and ground staff to a meeting on Dec. 2 to discuss retirement and pension schemes as well as job prospects at the carrier's main brand - RTRS.But in a country known for its process of "Mitbestimmung", that involves workers in business decisions, the airline's unions have said they feel decisions have been taken without them and management is unwilling to listen to staff, leading to strikes by both the pilots' and cabin crew union - RTRS.  Full Article

Deutsche Lufthansa AG cabin crew union threatens further strikes - Reuters
Friday, 13 Nov 2015 03:28am EST 

Deutsche Lufthansa AG:Lufthansa's main cabin crew union threatened further industrial action on Friday as workers protested at Frankfurt airport at the end of a week-long strike which grounded nearly all of the main airline's flights - RTRS."This strike will end tonight, but if management doesn't change, then strikes will be possible again at any time," Nicoley Baublies, head of the union, told staff - RTRS.Relations between the two sides have become increasingly bitter in the negotiations over early retirement benefits and pensions, which have dragged on for two years - RTRS.A big sticking point in the negotiations is that Lufthansa wants to introduce a cheaper early retirement and pension scheme for new employees, while the union wants the same deal for both current and future staff - RTRS.Since they started strike action last Friday the union has forced the cancellation of about 4,700 Lufthansa flights, disrupting the travel plans of 550,000 passengers. Other group airlines such as Swiss, Austrian and Germanwings were not affected - RTRS.  Full Article

Deutsche Lufthansa AG - Hundreds more flights grounded as Lufthansa strike enters sixth day - Reuters
Wednesday, 11 Nov 2015 10:27pm EST 

Deutsche Lufthansa AG:Hundreds more flights were grounded on Thursday when a strike by Lufthansa's main cabin crew union entered its sixth day, with no sign of compromise to resolve the longest walkout in the history of the German airline - RTRS.Cabin crew staff started a series of strikes at the airline's core Lufthansa brand last Friday to fight for an improved pension offer for employees - RTRS.Lufthansa cancelled 933 flights on Thursday, affecting 107,000 passengers, and equivalent to around one-third of the daily flights usually operated by the airlines within the group. It has said the strike is costing it at least 10 million euros ($10.7 million) a day - RTRS.  Full Article

Deutsche Lufthansa cancels flights after court rejects bid to stop strike - DJ
Wednesday, 11 Nov 2015 04:46am EST 

Deutsche Lufthansa AG:Has cancelled 931, or about one third of flights scheduled for Wednesday after German court rejected its request to stop strike by its cabin crew - Dow Jones.  Full Article

Deutsche Lufthansa AG flights hit as crew start longest-ever strike - Reuters
Friday, 6 Nov 2015 12:14am EST 

Deutsche Lufthansa AG:Lufthansa cancelled hundreds of flights on Friday after cabin crew union UFO announced a walkout on flights from Frankfurt and Duesseldorf from 1300 GMT that could start the longest ever strike action at the carrier - RTRS.On the first day of a planned week of strike action over failed pension talks, flight attendants are being called to strike at Frankfurt, Lufthansa's biggest hub, and Duesseldorf until 2200 GMT, affecting around 37,500 passengers - RTRS.Lufthansa said it had cancelled 290 flights planned for Friday including 15 long-haul departures, which are typically more profitable for carriers. Eight long-haul flights will still take off, it said - RTRS.More strike action can be expected on Saturday at Frankfurt, the union said on Friday, but Lufthansa's other main hub in Munich will not be subject to walkouts until after Sunday, given school holidays in that region - RTRS.Lufthansa Group airlines Swiss, Austrian Airlines, Germanwings, Eurowings, Brussels Airlines, Air Dolomiti and Cityline will not be affected by the strike. That means that overall, the airlines group can carry out 90 percent of the 3,000 flights it typically operates on a Friday - RTRS.Equinet analyst Jochen Rothenbacher said strike costs could total 20 million euros ($21 million) a day, depending on the number of cancellations, giving a total of around 140 million euros should the union strike on seven days, as threatened - RTRS.  Full Article


Etihad Airways not looking to take stake in Lufthansa

ABU DHABI Etihad Airways is not looking to take a stake in German carrier Lufthansa , a spokesman said on Wednesday, denying a report in an Italian newspaper that sent Lufthansa's shares higher on Tuesday.