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Lufthansa weighs cancelling Frankfurt-Beijing route due to competition
Germany's Lufthansa is evaluating whether to cancel its daily Frankfurt-to-Beijing flights as increased competition, particularly from China, and higher costs of doing business in Europe hit its bottom line, a spokesperson said on Friday.
Deutsche Lufthansa: Upside Ahead
Airflight production capacity constraints and flag carrier mergers support Deutsche Lufthansa's long-term upside. With a new turnaround program and no strikes ahead, the company will regain short-term profitability. Deutsche Lufthansa is deleveraging and still trades at a discount compared to the past. This is a buy.
Lufthansa to resume flights to Tel Aviv from Thursday
Germany's Lufthansa will resume its flights to Tel Aviv from Thursday, according to an update from the company, one of a number of airlines to alter their schedules amid fears of an escalation in the Middle East conflict.
Lufthansa CEO to meet Portuguese ministers over taking stake in TAP, sources say
Lufthansa CEO Carsten Spohr will meet with Portugal's centre-right government on Monday to formally signal his company's interest in the privatisation of state-owned carrier TAP, according to three sources with knowledge of the matter.
Lufthansa squeezed by competition in key transatlantic market, says CFO
Lufthansa faces falling ticket prices in its key transatlantic market amid rising competition from both Chinese and U.S. rivals, the German airline's chief financial officer told reporters.
Unions vote for strikes at Lufthansa's leisure airline
Pilots and cabin staff have voted by majority for strike action at German flagship carrier Lufthansa's leisure airline Discover, two unions said on Wednesday.
Lufthansa extends Middle East flight suspensions through Aug. 26
Germany's Lufthansa Group extended its suspension of flights to Tel Aviv, Tehran, Beirut, Amman and Erbil again on Monday, with flights now affected up to and including August 26.
Unions prepare strikes in power struggle at Lufthansa's leisure airline unit
Two specialised unions at Deutsche Lufthansa's leisure airline Discover on Wednesday said they were preparing strikes after talks over working conditions at the unit have not yielded results, challenging an accord struck by another union.
German flag carrier Lufthansa issues profit warning
Lufthansa Group has issued a profit warning, lowering its full-year guidance due to a significant slide in earnings. The German international carrier reported a preliminary Adjusted EBIT of €686 million in the second quarter, down sharply from €1.1 billion the previous year.
Lufthansa issues profit warning, launches 'turnaround'
German airline giant Lufthansa slashed its 2024 profit forecast Friday after a weak second quarter and launched a "turnaround" plan for its flagship carrier, which it warned might not break even.
Aircraft delivery delays having 'brutal' impact on Lufthansa, says CEO
Aircraft delivery issues are having a "brutal" impact on Lufthansa and will not be resolved before the end of the decade, according to CEO Carsten Spohr.
Lufthansa to add environmental charge to fares
German airline giant Lufthansa said Tuesday it would add an environmental charge of up to 72 euros ($77) to fares in Europe to cover the cost of increasing EU climate regulations.
