Hints and tips:
...Deutsche will from 2025 run the German credit card business of Lufthansa’s frequent-flyer loyalty programme, known as Miles & More....
...and cash generation can be broadly repeated in 2024,” said analysts at Deutsche Bank....
...Lufthansa’s flights from Europe to the US....
...Lufthansa reported the “highest revenue and profit ever achieved in one summer” as the German airline said that holiday travellers have kept spending on first-class tickets despite spiralling prices....
...Lufthansa’s shares slid 6 per cent on Thursday morning. Analysts at Deutsche Bank said that investors were likely to be disappointed by rising costs eating into higher margins....
...Ryanair boss Michael O’Leary and Lufthansa chief executive Carsten Spohr were among European airline executives who said at a briefing last week that train fares remained too expensive to replace air travel...
...Lufthansa added that the government body that arranged the bailout, the Economic Stabilisation Fund, had sold its shares in Lufthansa for €1bn....
...Lufthansa holds an option to take a majority stake in the future based on a negotiated price....
...That is the key to Lufthansa shares staying aloft. Shareholders loved Lufthansa’s profit recovery last year....
...In February, Deutsche Bank cut ties with the company over concerns about the financial and reputational risks of keeping it as a client....
...“Lufthansa is back,” said Carsten Spohr, chief executive at Deutsche Lufthansa AG. “In just one year, we have achieved an unprecedented financial turnaround.”...
...Shares in Lufthansa fell sharply during the pandemic years. They dropped further in response to this year’s energy price surge....
...Deutsche Bank has appointed Jamal Al Kishi to be CEO of the Middle East and Africa from April. He will replace Kees Hoving, who will be chief country officer for the UAE....
...Deutsche Lufthansa rose 3 per cent after analysts at JPMorgan, HSBC and Morgan Stanley upped their target price for the carrier’s stock....
...Frankfurt Lufthansa has unveiled details of its new Allegris seats and cabin designs, the result, it says, of “the largest investment in premium products in our company’s history”....
...Lufthansa chief executive Carsten Spohr said that “the stabilisation of Lufthansa was successful, and is also paying off financially for the German government and thus for the taxpayer”....
...The $3bn loan facility will last for four years and was led by Deutsche Bank and another arranger that has asked not to be named, and syndicated among more than 25 other banks, the company said....
...But Lufthansa has reduced capacity for business travel since companies moved to holding more meetings online....
...Federal Open Market Committee’s May rate-setting decision announced Results: Airbus Q1, Aston Martin Lagonda Q1, Bank of Ireland Q1 trading update, Barratt Developments trading update, BNP Paribas Q1, Deutsche...
...Lufthansa said it has cancelled 770 flights to try to give its operations more resilience in the busiest periods in the afternoon and evenings....
...Lufthansa, Austrian Airlines and others have been doing the same....
...Eisenächer is a former Lufthansa and Deutsche Telekom executive who recently worked for a Danish airfare technology company, while Trefzger has just stepped down as chief executive officer of Swiss logistics...
...ITA said MSC and Lufthansa had asked for Italy’s government to maintain a minority stake in the airline....
...Shares in Lufthansa were up almost 6 per cent to €6.24 by lunchtime....
...“We can now fully focus on the further transformation of the Lufthansa Group.”...
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