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Lufthansa Issues 1 Bln Eur Bond, Extends Hybrid Bond
Deutsche Lufthansa Appoints New CEOs To Its Subsidiaries
Pilots’ Union Says It Offers Lufthansa Cost Savings Package Worth €450 Mln
Deutsche Lufthansa AG is a Germany-based company that provides passenger and cargo air transportation services worldwide. The Company's segments include Network Airlines, Eurowings, Logistics, MRO and Catering. The Network Airlines segment comprises Lufthansa German Airlines, SWISS and Austrian Airlines. The Eurowings segment comprises Eurowings, Germanwings and Brussels Airlines, as well as the equity investment in SunExpress. The Logistics segment comprises the scheduled airfreight activities of the Lufthansa Cargo group. The MRO segment includes provision of maintenance, repair and overhaul services for civil and commercial aircraft. The Catering segment provides airline catering services. The Company offers flight and connection programs in North America, Scandinavia and Asia.
Venloer Strasse 151-153
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Honorary Chairman of the Supervisory Board
Deputy Chairwoman of the Supervisory Board and Employee Representative
Chief Officer Corporate Human Resources and Legal Affairs, Member of the Executive Board
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German airline Lufthansa <LHAG.DE>, slashing costs as it struggles to cope with the impact of the COVID-19 pandemic, said on Tuesday it will stop offering free snacks to economy class passengers from next spring.
Many EU governments oppose common rules on the use of rapid COVID-19 tests, an internal document seen by Reuters says, in a new blow to airlines which are betting on fast-track testing to help bring the travel industry back to life.
(This story from November 11 corrects surname of new CFO throughout, first name of former CFO in paragraph 6)
German airline Lufthansa <LHAG.DE> said on Wednesday it had reached a new deal with trade union Verdi to cut 200 million euros (£178 million) in costs in return for making no compulsory redundancies in 2021.
Swiss drugmaker Roche's chairman, Christoph Franz, favours requiring people to get a vaccination against COVID-19 when one is available and proven safe and effective, newspaper Handelszeitung reported on Wednesday, citing an interview.
Lufthansa is to start trialling rapid pre-flight coronavirus antigen tests in Germany next week, which passengers will need to pass in order to fly.
The German government believes flag carrier airline Lufthansa could need more money next year, Der Spiegel magazine reported, citing an internal government document, though the government dismissed the report as "speculation".
The German government believes flag carrier airline Lufthansa could need more money next year, Der Spiegel magazine reported, citing an internal government document.
Lufthansa warned on Thursday it will burn through more cash in the fourth quarter than in the third and that further restructuring measures will weigh on its results as it struggles to cope with the effects of the COVID-19 pandemic.
Lufthansa on Thursday said it booked a net loss of 2 billion euros ($2.35 billion) in the third quarter due to the pandemic-related slump in travelling and announced further restructuring measures would weigh on fourth-quarter figures.
Deutsche Lufthansa <LHAG.DE> is preparing to ground more planes than planned and cut working hours during the winter as a surge in coronavirus infections is putting people off travelling.
El Al Israel Airlines <ELAL.TA>, which changed ownership hands this month, said on Thursday it would resume a weekly flight to Zurich on Nov. 12 while renewing a code-share agreement with Swiss International Air Lines.
Deutsche Lufthansa <LHAG.DE> reported a third-quarter operating loss of 1.26 billion euros ($1.49 billion) and warned of weak demand during the remainder of the year.
Deutsche Lufthansa <LHAG.DE> is burning cash at a rate of 500 million euros ($590 million) per month and is far from breaking even, the German airline's chief executive said on Monday.
Lufthansa unit Swiss International Air Lines plans to cut roughly 1,000 jobs over the next two years through voluntary measures rather than layoffs, its outgoing Chief Executive Thomas Kluehr said in remarks published on Saturday.
India’s aviation regulator on Tuesday said it is in negotiations with Germany over flights between the nations after German carrier Lufthansa said it was forced to cancel some flights to the South Asian country.
Deutsche Lufthansa AG plans to start making rapid COVID-19 antigen tests available to passengers in October and is weighing the option of opening test centres at airports in the United States and Canada, a company executive said on Tuesday.
Lufthansa announced further cuts to its fleet and workforce on Monday along with a 1.1 billion euro ($1.3 billion) impairment on idled aircraft as Europe's worsening coronavirus situation spread gloom across the airline sector.
A worsening outlook for air travel prompted Lufthansa to further cut its fleet and workforce on Monday as the coronavirus crisis forced it to take a 1.1 billion euro ($1.3 billion) impairment on the value of its aircraft.
German airline Lufthansa could cut its fleet by 130 planes in response to the coronavirus crisis, two people familiar with the matter said.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.