United States

Deutsche Lufthansa AG (LHAG.DE)

LHAG.DE on Xetra

27 Jun 2017
Change (% chg)

-- (--)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

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

Deutsche Lufthansa AG - Cabin crew union says Lufthansa strikes unavoidable - Reuters
Wednesday, 4 Nov 2015 08:10pm EST 

Deutsche Lufthansa AG:The head of Lufthansa's main cabin crew union said strikes at the carrier are now "unavoidable", after the union reviewed the latest proposals on pensions and early retirement benefits from management - RTRS.Lufthansa had tried to encourage the union, which represents around 19,000 flight attendants, back to the negotiating table by sending across on Wednesday some new variants of a deal based around previous proposals - RTRS.The union had on Monday said that it would call for a week-long strike from Friday if Lufthansa management did not make a better offer by 1600 GMT on Thursday - RTRS.  Full Article

Deutsche Lufthansa AG hopes for talks on Thursday to avert cabin crew strike - Reuters
Wednesday, 4 Nov 2015 12:15am EST 

Deutsche Lufthansa AG:German airline Lufthansa is hoping for talks with its main cabin crew union on Thursday, in a bid to prevent the union from carrying out a threat of a week-long strike and ease the impact on bookings - RTRS.Flight attendants' union UFO said on Monday it would call for a strike from Nov. 6-13 if Lufthansa did not put forward a serious offer in a long-running row over retirement benefits - RTRS.Lufthansa, which is negotiating with various staff groups to cut costs, said Monday's announcement had resulted in customers cancelling flights - RTRS.The airline, which said the demands of the cabin crew union would increase pension and early retirement costs by 25 percent, will send the union four new variants of its previous offer as a basis for new talks - RTRS.Lufthansa is still in talks with pilots' union Vereinigung Cockpit over pay and retirement benefits and talks commence on Thursday with union Verdi concerning retirement benefits for around 33,000 ground, cargo and other cabin crew staff - RTRS.  Full Article

Deutsche Lufthansa AG cabin crew threaten week-long strike - Reuters
Monday, 2 Nov 2015 03:52am EST 

Deutsche Lufthansa AG:Lufthansa faces a week-long strike from Friday if it does not meet a fresh set of demands from its cabin crew union on retirement and pension benefits, as resistance from staff against its cost-cutting drive shows no sign of letting up - RTRS.Flight attendants' union UFO on Monday said it would call for a strike from Nov. 6-13 if the German airline did not respond to its demands with a serious offer - RTRS.Lufthansa has until Thursday, 1600 GMT, to respond to a list of demands sent by the union or else face a week-long strike from the following day, the head of the union, Nicoley Baublies, told a news conference on Monday - RTRS.He said he did not expect Lufthansa to come around after two years of negotiations - RTRS."All passengers are advised to assume that their flights will not take off," the union head said - RTRS.Lufthansa said it regretted the strike threat and said retirement benefits for its flight attendants were already industry-leading in Germany - RTRS.It has been in talks with the main cabin crew union over pay, pensions and working conditions at its main German brands Lufthansa and Germanwings. A previous attempt at mediation on the retirement and pension benefits failed in January - RTRS.The carrier is also in talks with its pilots, who have staged over a dozen strikes in 18 months. Strikes this year have so far cost Lufthansa 130 million euros ($144 million), it said last week - RTRS.  Full Article

Deutsche Lufthansa AG cabin crew union says preparing for strike - Reuters
Monday, 2 Nov 2015 02:02am EST 

Deutsche Lufthansa AG:Lufthansa passengers face more strikes after the airline's main cabin crew union on Monday said it was preparing for industrial action to try and force management to improve an offer on retirement and pension benefits - RTRS."We must not be left in limbo when it comes to benefits. That's why we will send to Lufthansa a list of demands that focus solely on this topic," the union said in a letter to members posted on its website, adding that members should prepare to be called to strike - RTRS.  Full Article

More From Around the Web

German stocks - Factors to watch on June 26

BERLIN/FRANKFURT, June 26 The DAX top-30 index looked set to open 0.3 percent higher on Monday, according to premarket data from brokerage Lang & Schwarz at 0609 GMT.