Edition:
United States

Deutsche Lufthansa AG (LHAG.DE)

LHAG.DE on Xetra

15.06EUR
11:35am EDT
Change (% chg)

€0.13 (+0.87%)
Prev Close
€14.94
Open
€14.93
Day's High
€15.07
Day's Low
€14.93
Volume
3,269,268
Avg. Vol
4,603,134
52-wk High
€15.60
52-wk Low
€9.10

Latest Key Developments (Source: Significant Developments)

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

Deutsche Lufthansa AG - Lufthansa cabin crew union says pay talks have failed - Reuters
Sunday, 1 Nov 2015 03:32am EST 

Deutsche Lufthansa AG:Talks between Lufthansa and its main cabin crew union have failed, the union said late on Saturday, raising the prospect of more strikes at the German carrier - RTRS.Lufthansa is in talks with various staff groups as it seeks to cut costs in order to compete better with low-cost carriers and Gulf rivals - RTRS.A long-running dispute with its pilots over pay and conditions has already resulted in more than a dozen strikes over a period of 18 months. Strikes so far this year have cost Lufthansa 130 mln euros in lost profit - RTRS.The cabin crew union, which represents 19,000 staff, had given Lufthansa until Nov. 1 to put forward a better offer in long-running talks over pay, retirement benefits and working conditions - RTRS.Despite a constructive start to talks over the weekend, Lufthansa refused to reconfirm agreements it had previously made verbally, Nicoley Baublies, head of the union, told Reuters - RTRS."Strikes are a possibility," Baublies said, adding that the union would announce its next course of action on Monday. The union had previously threatened strikes over the summer, but agreed to restart talks after Lufthansa made some compromises - RTRS.Lufthansa said on Sunday that the offer it had made for retirement provisions was the best it could do without worsening its cost position further - RTRS.Bettina Volkens, head of personnel at the group, said the company could not make any compromises that did not lead to cost cuts - RTRS.  Full Article

Deutsche Lufthansa AG raises FY 2015 outlook
Thursday, 29 Oct 2015 02:29am EDT 

Deutsche Lufthansa AG:Now sees 2015 adjusted EBIT of 1.75 billion - 1.95 billion euros vs previous estimate over 1.5 billion euros.FY 2015 EBIT 1,669 million euros - Thomson Reuters I/B/E/S.  Full Article

Deutsche Lufthansa AG cabin crew reject new jobs offer in pay, pensions row - Reuters
Wednesday, 21 Oct 2015 10:31am EDT 

Deutsche Lufthansa AG:Lufthansa cabin crew said on Wednesday the airline must make a substantially new offer if it wants to restart failed pay talks, rejecting a proposal to rule out forced redundancies for the next two years - RTRS.Lufthansa is currently in talks with staff as it tries to lower costs to compete with low-cost carriers and Gulf rivals - RTRS.Talks between management and crew broke down on Monday, with the union rejecting an offer on pay and retirement provisions, with one complaint being a lack of promises on job security - RTRS.Lufthansa on Wednesday said that if an overall deal on all outstanding issues could be reached, then it would rule out compulsory redundancies for its 19,000 cabin crew until the end of 2017 - RTRS.A spokesman for the UFO cabin crew union said the offer was "farcical" - RTRS.He said the union would decide on its next steps before Nov. 1, either with or without pilots' union Vereinigung Cockpit, which is engaged in its own pay and conditions dispute with management - RTRS.  Full Article

More From Around the Web

Thomas Cook's Belgian unit to extend ties with Brussels Airlines

LONDON, March 30 The Belgian unit of Thomas Cook Airlines plans to transfer air crews, flight slots and two of its five aircraft to Brussels Airlines, in a move to extend a partnership with the Lufthansa-owned carrier, the companies said on Thursday.