Canadian carrier WestJet and Germany's Lufthansa Technik have signed a multi-billion dollar agreement for engine maintenance services, the companies said on Thursday.
German airline group Lufthansa is in talks with Spanish carrier Air Europa about the possibility of acquiring a minority stake, according to two sources with knowledge of the talks.
Lufthansa Airlines aims to be profitable again but still has a ways to go despite the initial success of its restructuring plan, CEO Jens Ritter told journalists on Wednesday evening.
Germany's Lufthansa will resume flights to and from Tel Aviv in Israel from Feb. 1, the airline said on Thursday after a ceasefire agreement between Israel and Hamas was announced by mediators.
Barclays lowered the firm's price target on Lufthansa to EUR 9 from EUR 9.50 and keeps an Overweight rating on the shares.
Germany's Lufthansa is aiming to recruit around 10,000 people across the group in 2025, the company said on Wednesday, adding that measures to boost efficiency at its core airline would continue this year.
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German airline group Lufthansa on Tuesday reported a year-on-year fall in its operating profit in the third quarter, as its flagship carrier Lufthansa struggles with low yields, competition with international airlines and spiralling costs.
The Transportation Department said the fine is the largest it has issued against an airline for civil-rights violations.
The U.S. Transportation Department said Tuesday it is imposing a $4 million penalty against Lufthansa for discriminating against Jewish passengers from New York through Frankfurt to Budapest in May 2022.
Lufthansa is aiming to revive its core airline by 2026 as one of Europe's top carriers struggles more than its regional rivals with higher costs and prolonged delays in Boeing plane deliveries, its chief executive said.