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Deutsche Lufthansa AG (LHAG.DE)

LHAG.DE on Xetra

21 Oct 2016
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Latest Key Developments (Source: Significant Developments)

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

Deutsche Lufthansa AG - Lufthansa, cabin crew fail to reach deal on pension scheme - Reuters
Sunday, 18 Oct 2015 08:00pm EDT 

Deutsche Lufthansa AG:The latest round of talks between Lufthansa and its cabin crew workers has failed, with union UFO rejecting the German airline's latest offers as "missing the point" - RTRS.The German carrier is currently negotiating with staff from various parts of its business as it tries to cut costs to compete more effectively with low cost carriers and Gulf rivals - RTRS.It has said in talks with union UFO, which represents around 19,000 flight attendants, that low interest rates meant it could no longer afford the retirement scheme it has been offering to cabin crew, which cost it 3.7 bln euros last year and allowed workers to retire at the age of 55 -RTRS.Lufthansa said under the offer it presented on Monday, cabin crew would still be allowed to stop working when they reach 55 but said they could receive significantly higher pensions if they stayed in the job until the age of 65 -RTRS.In addition, all cabin crew would receive a one-time payment of 2,000 euros each, and those who had been with the company since at least 2012 would also get wage increases by 1.7% in 2016 and again in 2017, it said -RTRS.Nicoley Baublies, head of UFO, said Lufthansa's offer did not include important points on job security that the union had demanded and showed that negotiations had "failed completely" -RTRS.Talks with UFO nearly resulted in strikes this summer, but the two sides agreed to continue talking, with the aim of reaching an agreement by Nov -RTRS.  Full Article

Deutsche Lufthansa AG - Cabin crew make new proposals in long-running Lufthansa talks - Reuters
Thursday, 15 Oct 2015 08:00pm EDT 

Deutsche Lufthansa AG:Germany's main cabin crew union has made a range of new proposals in long-running talks with Lufthansa over pay, pensions and working conditions, the German airline said on Friday - Reuters.The German carrier is currently negotiating with staff from various parts of its business as it tries to lower costs to compete more effectively with low cost carriers and Gulf rivals - Reuters."We will respond by Monday evening and we hope we can soon find a joint solution," a Lufthansa spokesman said of the proposals from a union called UFO that represents some 19,000 flight attendants - Reuters.The Lufthansa spokesman declined to give details of the cabin crew union proposals, which were first reported by German magazine Spiegel - Reuters.  Full Article

Deutsche Lufthansa AG pilots' union agree further talks - Reuters
Wednesday, 16 Sep 2015 08:00pm EDT 

Deutsche Lufthansa AG:Germany's Lufthansa and pilots' union Vereinigung Cockpit have agreed to further talks soon on the issue of early retirement benefits, the carrier said on Thursday - Reuters.The two sides have also agreed to bring in an external mediator if necessary, Lufthansa said in a statement - Reuters.The row between management and pilots over early retirement benefits has been going on for two years and has led to 13 strikes over the last 18 months. A previous attempt at mediation failed this summer - Reuters.The dispute escalated as Lufthansa started to expand low-cost services, though a court ruled last week that the pilots could not go on strike over the low-cost plans because that was a company decision and not a pay issue - Reuters.  Full Article

Deutsche Lufthansa AG flights return to normal after strike - Reuters
Wednesday, 9 Sep 2015 06:00pm EDT 

Deutsche Lufthansa AG:Lufthansa flights returned to normal on Sept.10 after a two-day strike by pilots locked in conflict with the German airline over cost cuts and pay - Reuters.A German court ruled on Sept.9 the pilots must halt their strike because it was not only over pay and retirement benefits but also over Lufthansa's plans for low-cost expansion, which is not part of the union's mandate in pay talks - Reuters.  Full Article

Lufthansa ups 2016 profit guidance after strong September

BERLIN, Oct 19 German airline group Lufthansa increased its profit target for the year after business bookings were better than expected in September and its measures to cut back capacity took effect.