Articles tagged “lufthansa”

Lufthansa’s Board Approves $10 Billion Government Bailout

Lufthansa’s Board Approves $10 Billion Government Bailout

Christoph Steitz, Reuters

Lufthansa's supervisory board would have preferred not to be in this position. But this was the only way forward for the company.

2 days ago

Lufthansa Accepts Sweetened Bailout Deal Including Giving Up Fewer Slots

Lufthansa Accepts Sweetened Bailout Deal Including Giving Up Fewer Slots

Christoph Steitz, Holger Hansen and Ilona Wissenbach, Reuters

Lufthansa blinked, rejecting the initial bailout offer, and its hardline approach seems to have worked.

4 days ago

Ryanair Complains About Lufthansa’s Government Bailout Package

Ryanair Complains About Lufthansa’s Government Bailout Package

Ilona Wissenbach and Arno Schuetze, Reuters

Ryanair CEO Michael O'Leary has a point. The German government probably is distorting the market by rushing in to save Lufthansa. But this is a company that has been around since 1953. It could be Germany's most recognizable global company. There is no chance Germany will let it go under.

1 week ago

Lufthansa Will Start Flying Again to 20 More Cities in Mid-June

Lufthansa Will Start Flying Again to 20 More Cities in Mid-June

Reuters

Tack on 20 more cities, with more to come later this week, to Lufthansa's plans to get back to normal. The airline, however, still needs to strike a nearly $10 billion deal for a government bailout.

1 week ago

Breakdown of Lufthansa and Sabre Deal Signals New Risks for Corp Travel

Breakdown of Lufthansa and Sabre Deal Signals New Risks for Corp Travel

Matthew Parsons, Skift

The exact reasons for wanting to terminate the content deal aren’t clear, but Lufthansa’s direct-selling drive might have something to do with it.

3 weeks ago

Lufthansa Aims to Finalize $11 Billion Rescue Package Next Week

Lufthansa Aims to Finalize $11 Billion Rescue Package Next Week

Klaus Lauer, Patricia Uhlig and Arno Schuetze, Reuters

This proposed rescue package is one of the biggest yet in the aviation sector, but with the call for help spread out across four countries and Ryanair's Michael O'Leary threatening to sue some governments over this kind of aid, it's far from a done deal.

1 month ago

Lufthansa Considers Closing Down Germanwings

Lufthansa Considers Closing Down Germanwings

Alexander Ratz, Edward Taylor and Ilona Wissenbach, Reuters

Will coranavirus take Germanwings as a victim? If so it likely won't be the only low-cost carrier to fail.

2 months ago

Lufthansa CEO Sees His Airline Surviving Through Carnage to Come

Lufthansa CEO Sees His Airline Surviving Through Carnage to Come

Patrick Whyte, Skift

The aviation industry is going to change dramatically over the coming weeks and months. Lufthansa thinks it is well-placed to ride this one out, but how many other airlines can say the same?

3 months ago

Lufthansa’s Potential $6.4 Million Fine Is One More Reason Euro Airlines Want to Forget 2019

Lufthansa’s Potential $6.4 Million Fine Is One More Reason Euro Airlines Want to Forget 2019

Patrick Whyte, Skift

Like many other European airlines, it's been a pretty tough year for Lufthansa. The airline could probably do without a potential FAA fine hanging over it as it tries to start fresh in 2020.

6 months ago

Alitalia Rescue Plan Thrown Into Doubt as Suitors Reconsider

Alitalia Rescue Plan Thrown Into Doubt as Suitors Reconsider

Chiara Albanese, Tommaso Ebhardt and William Wilkes, Bloomberg

Is anyone going to step in and save Alitalia? On the surface it would seem a nice fit for one of the big European airline groups, but look under the hood and there are still some serious problems that need resolving.

7 months ago

Airlines Still Think They Can Offset Their Way Out of Climate Catastrophe

Airlines Still Think They Can Offset Their Way Out of Climate Catastrophe

Patrick Whyte, Skift

Airlines are much more comfortable talking about mitigating climate change through incremental changes such as more efficient aircraft and carbon offsets. But these don't alter the fundamental problem. Flying is bad for the environment, and it's only going to get worse as demand keeps rising.

7 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.

7 months ago