Articles tagged “condor”

The Travel Deals That Have Fallen Victim to the Pandemic

The Travel Deals That Have Fallen Victim to the Pandemic

Sean O'Neill and Dennis Schaal, Skift

Don't count your deals before they've hatched. Coronavirus has killed valuations of many companies, and deals along with them. On the other hand, some companies, such as Grubhub, are in the right place at the right time.

2 weeks ago

German Airline Condor to Cut Up To 25 Percent of Staff

German Airline Condor to Cut Up To 25 Percent of Staff

Madeline Chambers, Reuters

Central government bailouts continue to not be enough for the tanked global airline industry. Condor's layoffs come after the airline already received funds from Germany to get through the coronavirus downturn in the economy.

3 weeks ago

Poland’s LOT Withdraws From Deal to Buy German Airline Condor

Poland’s LOT Withdraws From Deal to Buy German Airline Condor

Alicja Ptak, Reuters

It appears as though Condor, previous part of the collapsed Thomas Cook, may get nationalized by the German government. Is Condor too big to fail? Not really.

3 months ago

Former Thomas Cook Unit Condor Sold to Polish Airline Group

Former Thomas Cook Unit Condor Sold to Polish Airline Group

Patrick Whyte, Skift

The deal secures Condor's immediate future. But can a small carrier group really hope to compete against the might of Lufthansa and low-cost carriers such as Ryanair?

5 months ago

Is Lufthansa’s Coolness on Stakes in Alitalia and Condor a Ploy?

Is Lufthansa’s Coolness on Stakes in Alitalia and Condor a Ploy?

Patrick Whyte, Skift

What are the chances that Lufthansa ends up owning at least parts of Alitalia and Condor? It doesn't seem enthusiastic about either, but it might be better than letting a competitor get hold of them — as long as regulators agree.

8 months ago

Can Thomas Cook’s Surviving Brands Find New Homes?

Can Thomas Cook’s Surviving Brands Find New Homes?

Patrick Whyte, Skift

Thomas Cook wasn't just a UK business: It had operations across Europe, some of which were pretty profitable. They're now in a race against time to secure their future and find new owners.

9 months ago

Imperiled Thomas Cook in Talks to Sell Nordics Division

Imperiled Thomas Cook in Talks to Sell Nordics Division

Patrick Whyte, Skift

Given that Thomas Cook released a statement about the potential sale, this looks pretty serious. But it begs the question: Just what will Thomas Cook have left if and when it sells its airlines and Nordics divisions?

1 year ago

Thomas Cook Shares Have Nearly No Value, Analysts Say

Thomas Cook Shares Have Nearly No Value, Analysts Say

Sam Unsted, Bloomberg

At Skift Forum Europe in April, Thomas Cook CEO Peter Fankhauser said the company should bounce back as long as it de-leverages its balance sheet and pays back it debt. Will that be enough?

1 year ago

Lufthansa Confirms Bid for Thomas Cook’s Condor Airline

Lufthansa Confirms Bid for Thomas Cook’s Condor Airline

Richard Weiss, Bloomberg

The announcement comes as no surprise, given Lufthansa all but confirmed its interest in March. The cash would ease Thomas Cook's financial concerns and help it invest in its own brand hotels.

1 year ago

Lufthansa Looks at Taking Over Thomas Cook-Owned Airline Condor

Lufthansa Looks at Taking Over Thomas Cook-Owned Airline Condor

Patrick Whyte, Skift

Lufthansa sees Condor as a good fit for its existing business. The question is would Thomas Cook split up its airline, and would competition regulators allow it?

1 year ago

Lufthansa Looks at SAS in Move to Accelerate Airline Consolidation in Europe

Lufthansa Looks at SAS in Move to Accelerate Airline Consolidation in Europe

Richard Weiss, Bloomberg

Lufthansa's CEO on airline consolidation in Europe: “So we are speaking with everyone, and everyone is speaking to us.” Enough said.

4 years ago

Thomas Cook announces plans to merge British, German, and Belgian airline brands

Thomas Cook announces plans to merge British, German, and Belgian airline brands

Reuters

The airlines' integration comes at what is likely the end of a successful turnaround plan, which has significantly improved the brand’s business since its initiation last year.

7 years ago