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Lufthansa

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Reuters - 3 days ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Equinor, Lufthansa and SMA Solar entries. Nov 22 (Reuters) - Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of August: BANKS * DNB DNB.OL : The Norwegian lender said in September it would cut the equivalent of 500 full-time jobs over the next six months, as it prepares for lower interest
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Reuters - 5 days ago

Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Aegean, Emirates, Qatar Airways and TAROM Nov 20 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until March 29 and to and from Tel Aviv until Jan.
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Reuters - 5 days ago

ITA's finances improving, all set for Lufthansa deal, says chairman

ITA's finances improving, all set for Lufthansa deal, says chairman ROME, Nov 20 (Reuters) - Italy's ITA Airways is heading for a full-year profit and is in good financial shape for a planned tie-up with Lufthansa LHAG.DE which can yield significant synergies, the Italian carrier's chairman Antonino Turicchi said in a newspaper interview on Wednesday.
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Reuters - 5 days ago

Italy - Factors to watch on Nov. 20

Italy - Factors to watch on Nov. 20 The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italian ruling-coalition lawmakers are urging the government to scale back plans to increase taxes on cryptocurrency capital gains and expand the number of firms forced to pay a digital tax, a parliamentar
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Reuters - 1 week ago

Melrose flags a way through aerospace turbulence

BREAKINGVIEWS-Melrose flags a way through aerospace turbulence The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Refiles to fix link paragraph three. By Oliver Taslic LONDON, Nov 18 (Reuters Breakingviews) - Melrose Industries MRON.L has located a tailwind in an otherwise bumpy sector. Prior to its latest trading update on Monday, the $8 billion London-listed aerospace supplier had seen its shares slump by a quarter since April, as leading sector lights Boeing
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Reuters - 1 week ago

Portugal airline TAP's profit drops on forex losses, higher wage costs

Portugal airline TAP's profit drops on forex losses, higher wage costs Wage costs surged as post-pandemic pay cuts were reversed Operating income rose 2% to 1.284 billion euros Recurring EBITDA margin fell to 29% from 31% a year ago LISBON, Nov 18 (Reuters) - Portugal's flag carrier TAP reported a 35% slump in third-quarter net profit on Monday to 118 million euros ($124 million), hurt by foreign exchange losses and a big jump in wage costs.
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Reuters - 1 week ago

Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates airBaltic and Sundair Nov 15 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until Dec.
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Reuters - 1 week ago

Rising prices threaten wage disputes in Germany, warns union chief

Rising prices threaten wage disputes in Germany, warns union chief By John O'Donnell and Christian Kraemer BERLIN, Nov 15 (Reuters) - Rising prices are putting German workers under pressure, threatening to escalate wage disputes, the head of one of the country's top trade unions has warned. Germany has suffered a spate of strikes in recent years, putting trains, planes, creches and other services out of action, exacerbating the country's problems as its economy grinds to a virtual halt.
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Reuters - 2 weeks ago

Lufthansa plans to cut admin jobs by 20%, magazine reports

UPDATE 1-Lufthansa plans to cut admin jobs by 20%, magazine reports Adds response from company BERLIN, Nov 14 (Reuters) - German flag carrier Lufthansa LHAG.DE is looking to gradually reduce jobs in administration by 20% as it steels itself against a projected drop in earnings, the Manager Magazin reported on Thursday. The planned job cuts would impact 400 positions, the report said.
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Reuters - 2 weeks ago

Lufthansa plans to cut admin jobs by 20%, magazine reports

Lufthansa plans to cut admin jobs by 20%, magazine reports BERLIN, Nov 14 (Reuters) - German flag carrier Lufthansa LHAG.DE is looking to gradually reduce jobs in administration by 20% as it steels itself against a projected drop in earnings, the Manager Magazin reported on Thursday. The job cuts, which would be carried out via fluctuation and automation, would impact 400 positions, the report said.
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Reuters - 2 weeks ago

Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Air France, ITA, LOT, Lufthansa and Pegasus Nov 13 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until Dec.
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Reuters - 2 weeks ago

11 injured by turbulence during Lufthansa flight to Frankfurt

11 injured by turbulence during Lufthansa flight to Frankfurt BERLIN, Nov 12 (Reuters) - Eleven people were injured when a Lufthansa LHAG.DE flight from Buenos Aires to Frankfurt hit severe turbulence while travelling over the Atlantic, the airline said on Tuesday. "Unfortunately, five passengers and six crew members suffered mostly minor injuries," a Lufthansa spokesperson told Reuters in an email, confirming a report by the DPA news agency.
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Reuters - 2 weeks ago

Lufthansa nears deal to buy Italy's ITA

UPDATE 2-Lufthansa nears deal to buy Italy's ITA Adds details, background ROME/BERLIN, Nov 12 (Reuters) - Germany's Lufthansa LHAG.DE Group said it had submitted a package of remedies to the European Commission needed to secure EU antitrust approval to take a minority stake in Italy's ITA Airways, bringing it a step closer to closing the deal. Lufthansa in July won EU antitrust approval to buy 41% of state-owned ITA, the successor airline to bankrupt Alitalia, for 325 million euros ($354 million
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Reuters - 2 weeks ago

Italy sends remedies for Lufthansa deal to EU commission

Italy sends remedies for ITA-Lufthansa deal to EU commission ROME, Nov 12 (Reuters) - Italy's Treasury said late on Monday it sent to the European Commission the package of remedies needed to secure EU antitrust approval for the tie-up between ITA Airways and Germany's Lufthansa LKHAG.DE . The German carrier is looking to acquire a 41% stake in state-owned ITA but the deal was put on hold last week due to a dispute between the Treasury and Lufthansa over the agreed price.
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Reuters - 2 weeks ago

Italy - Factors to watch on Nov. 12

Italy - Factors to watch on Nov. 12 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS A Rome court on Monday asked EU judges to weigh in on the detention of sea migrants in Albania, again frustrating the Italian right-wing government's efforts to pursue its flagship plan to crackdown on irre
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Reuters - 2 weeks ago

Lufthansa Nears Deal To Take Over Italy's ITA Airways - Bloomberg News

BRIEF-Lufthansa Nears Deal To Take Over Italy's ITA Airways - Bloomberg News Nov 11 (Reuters) - LUFTHANSA NEARS DEAL TO TAKE OVER ITALY’S ITA AIRWAYS - BLOOMBERG NEWS Source text: https://tinyurl.com/ymmurvre Further company coverage: LHAG.DE
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Reuters - 2 weeks ago

Lufthansa Group to extend Tel Aviv flight suspensions

Lufthansa Group to extend Tel Aviv flight suspensions BERLIN, Nov 11 (Reuters) - Germany's Lufthansa Group LHAG.DE has decided to extend the suspension of its flights to Tel Aviv up to and including Dec. 15, the airline said on Monday. Lufthansa Airlines, the group's core brand, will suspend its flights up to and including Dec. 31, 2024, for operational reasons, it added.
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Reuters - 2 weeks ago

Lufthansa Extends Suspension Of Flights To Tel Aviv Up To Dec 15

BRIEF-Lufthansa Extends Suspension Of Flights To Tel Aviv Up To Dec 15 Nov 11 (Reuters) - DEUTSCHE LUFTHANSA AG LHAG.DE : LUFTHANSA GROUP HAS DECIDED TO EXTEND SUSPENSION OF ITS FLIGHTS TO TEL AVIV UP TO AND INCLUDING 15 DECEMBER 2024 LUFTHANSA AIRLINES WILL SUSPEND ITS FLIGHTS (FRANKFURT - TEL AVIV - FRANKFURT AND MUNICH - TEL AVIV - MUNICH) UP TO
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Reuters - 2 weeks ago

Lufthansa Subsidiary Swiss Will Not Serve Tel Aviv Until And Including Sunday, Dec. 15, 2024

BRIEF-Lufthansa Subsidiary Swiss Will Not Serve Tel Aviv Until And Including Sunday, Dec. 15, 2024 Nov 11 (Reuters) - Deutsche Lufthansa AG LHAG.DE : LUFTHANSA SUBSIDIARY SWISS: WILL NOT SERVE TEL AVIV UNTIL AND INCLUDING SUNDAY, DEC. 15, 2024 Source text: [ID:] Further company coverage: LHAG.DE
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Reuters - 2 weeks ago

European airlines’ tough summer adds to M&A logic

BREAKINGVIEWS-European airlines’ tough summer adds to M&A logic The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Oliver Taslic LONDON, Nov 11 (Reuters Breakingviews) - European airlines had a relatively damp summer. Quarterly earnings for $22 billion Ryanair RYA.I , $8 billion Deutsche Lufthansa LHAG.DE , $2 billion Air France-KLM AIRF.PA and $2 billion Wizz Air WIZZ.L generally showed robust demand but rising costs, contributing to falling bottom lines.
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