Flag-carrier airline of Germany
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Indians can now take Lufthansa from North America & other places globally to India
Brussels Airlines lost 182 mn euros in six monthsBelgium's biggest airline, Lufthansa subsidiary Brussels Airlines, said Thursday it had lost 182 million euros in the first six months of 2020 because of the coronavirus crisis. (FILES) In this file..
Lufthansa see revenues drop 80%, no full recovery until 2024FRANKFURT, Germany -- German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros ($1.77 billion) for the second quarter, when the pandemic essentially shut down passenger..
Ryanair accuses Lufthansa of 'hoovering up state aid like the drunken uncle at a wedding'Ryanair has accused rival German airline Lufthansa of a price-fixing cartel and has vowed to challenge its €6 billion bailout in the European Court of Justice. Airline chief Michael O’Leary accused..
Lufthansa Shareholders to Vote on German Rescue PackageGermany’s Lufthansa is seeking shareholders’ support at an extraordinary general meeting for a 9 billion-euro ($10.2 billion) rescue package that would see a government stabilization fund take a..
EU approves huge bailout of German airline LufthansaThe EU's top competition authority approved the massive bailout of Lufthansa by the German government on Thursday, saving one of the world's biggest airlines from bankruptcy, but under conditions....
German airline Lufthansa plans to cut 22,000 jobsThe German airline is struggling to deal with the fall in demand for air travel caused by the pandemic.
Lufthansa CEO promises Germans a 'homecoming guarantee'Lufthansa will bring home any Germans it flies abroad on vacation, Chief Executive Carsten Spohr said in a newspaper interview, seeking to assuage holidaymakers' concerns that new coronavirus outbreaks..
German airline Lufthansa reports 2.1-bln-euro net loss in Q1BERLIN, June 3 (Xinhua) -- Revenues of Lufthansa fell by 18 percent year-on-year to 6.4 billion euros in the first quarter (Q1) of 2020, resulting in a net profit loss of 2.1 billion euros (2.35..
Lufthansa expects significantly larger loss in second quarterLufthansa expects a significantly larger loss in the second quarter of this year, the airline group's finance chief said on Wednesday.
Lufthansa vows extensive revamp as losses balloonLufthansa has pledged a wide-ranging restructuring, from job cuts to sales of non-core assets, as it seeks to repay a 9 billion euro ($10.1 billion) state bailout and navigate deepening losses in the..
Lufthansa accepts terms of EU-Germany rescue dealGerman airline Lufthansa has accepted the conditions of a bail-out deal agreed by the EU and Germany last week. The deal will see Lufthansa give up take-off and landing slots and aircraft to other..
Lufthansa accepts tweaked demands by Brussels over state bailoutLufthansa's management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said..
Germany, Brussels seal pact on Lufthansa rescue plan: sourcesBy Agence France-Presse Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the..
EU's Vestager denies making Lufthansa bailout more difficultEU competition chief Margrethe Vestager denied today that she was putting hurdles in the way of Lufthansa's €9 billion government rescue. She said that companies getting big capital injections from..
Lufthansa board rejects EU conditions on $10 billion bailoutGerman airline Lufthansa's supervisory board on Wednesday rejected conditions imposed by Brussels on a proposed government bailout, casting fresh doubt on the 9 billion euro ($9.9 billion) rescue...
Lufthansa agrees €9bn bailout with German governmentState to take 20% stake in airline, which has been struggling after coronavirus reduced flights Germany has thrown Lufthansa a €9bn (£8bn) lifeline, agreeing a bailout which gives Berlin a veto in..
Germany still in talks with EU over Lufthansa bailout, expects green light: AltmaierGermany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa , Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to..
Coronavirus: Lufthansa agrees €9bn rescue deal with GermanyEuropean markets rose on the bailout deal news, which sees Germany take a 20% stake in the firm.
Germany stamps authority on Lufthansa with $9.8 billion lifelineGermany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
Lufthansa and German government agree $9.8 billion rescue packageThe German government and Lufthansa , which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.
Lufthansa says Germany approves stabilization packageGermany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday.
Germany's Scholz: Lufthansa rescue package should yield 'small profit' for stateGermany's rescue package for flagship carrier Lufthansa is a "very, very good solution" that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on..
Lufthansa has good prospects for future: German ministriesThe German Finance and Economy Ministries on Monday said Lufthansa was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had..
Talks on Lufthansa aid not concluded yet: ministryNegotiations on a government bailout for coronavirus-stricken airline Lufthansa are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.
Merkel won't allow EU to deprive Lufthansa of key slots: HandelsblattChancellor Angela Merkel told senior members of her party that the German government would not allow the European Commission to deprive Lufthansa of valuable take-off and landing slots at Frankfurt and..
As Passengers Disappeared, Airlines Filled Planes With CargoTo make up for lost revenue during the pandemic, Lufthansa, Virgin Atlantic and other airlines are hauling more cargo on aircraft, including where passengers used to sit.
Germany close to securing 25% stake in LufthansaFrankfurt: Deutsche Lufthansa is close to a multi-billion euro bailout deal that would see Germany become its biggest shareholder after the coronavirus punctured a decades-long boom in air travel...
Lufthansa closes in on $10 billion state rescue dealLufthansa is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry..
Lufthansa to start flying 80 more aircraft in June to meet travel demandGerman flagship carrier Lufthansa on Friday said it would start flying 80 more of its aircraft again in June, including to serve tourism destinations after the company grounded much of its vast fleet..
Lufthansa board hopeful of securing government bailout soonLufthansa is hopeful its bailout talks with the German government can be concluded soon, the airline's board told staff in a letter seen by Reuters, adding that it is also considering alternatives such..
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Lufthansa still considering protection from creditors: company sourceThe idea of German flagship carrier Lufthansa using a type of protection from creditors is not yet off the table, a source at the airline said on Tuesday.
Bavarian premier says Lufthansa CEO's warning should be taken seriouslyThe premier of the German state of Bavaria on Tuesday said a warning issued by Lufthansa's CEO - that governments should not have too much influence on the airline - should be taken seriously.
Lufthansa may seek creditor protection alongside Berlin rescue talksLufthansa might seek some form of protection from creditors while talking to the Berlin government about a 9 billion euro ($9.76 billion) rescue package, a company source said on Tuesday after..
Lufthansa CEO warns of too much government influence: Die ZeitLufthansa would be hard to steer if governments had too much influence on the company, its CEO was quoted as saying by German weekly Die Zeit on Tuesday, as the airline is struggling with the impact of..
Lufthansa to discontinue Germanwings in sweeping restructuringLufthansa said it will close down its Germanwings low-cost airline as part of a broader overhaul which includes cutting capacity across the group, warning it could take years for the industry to..
Lufthansa working on capital raise plan to combat coronavirus pandemic -sourcesLONDON — Germany’s Lufthansa is working on a package to raise money from the debt and equity markets to help see it through the coronavirus pandemic that has caused the collapse of passenger..
Exclusive: Germany in talks to inject billions into Lufthansa - sourcesGermany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded more than 90% of its fleet due to the coronavirus pandemic, people..
Two-thirds of Lufthansa's staff to shorten work hours due to coronavirusTwo-thirds of Lufthansa's global staff will work reduced hours after the German airline grounded much of its fleet due to the coronavirus pandemic, Lufthansa said on Wednesday.
Airline industry crisis deepens as coronavirus kills demandThe crisis for airlines deepened on Thursday as Lufthansa , which has grounded most of its fleet, warned the industry may not survive coronavirus pandemic without government aid to offset nosediving..
Lufthansa cuts 90% of long-haul flights: statementGerman airline Lufthansa said it would further cut its flight schedule after Monday's announcement that its Austrian Airlines division was scrapping all flights in response to the coronavirus-induced..
Lufthansa to cut flight capacity due to coronavirus spreadGerman airline group Lufthansa said it will cut the number of short- and medium-haul flights in response to the accelerated spread of the coronavirus.
Lufthansa Group grounds 13 aircraft over coronavirus cancellationsBERLIN — German airline group Lufthansa said on Thursday it had grounded 13 long-haul aircraft after the company...
Lufthansa Group extends China flight cancellations to March 28 over virus outbreakGermany's Lufthansa on Friday said it would suspend all flights to mainland China until March 28 due to the new coronavirus, which is spreading in China and around the world.
Storm Sabine: Lufthansa cancels Monday flights to Munich from Delhi, Mumbai