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...Lufthansa boss Carsten Spohr at the same event said: “We need global solutions.”...
...Deutsche will from 2025 run the German credit card business of Lufthansa’s frequent-flyer loyalty programme, known as Miles & More....
...Significant players also include operations affiliated with airlines but that now generate a greater share of revenues from servicing other carriers, such as market leader Lufthansa Technik....
...In reference to recent claims made by Lufthansa and other airlines based on offsets and cleaner fuel, he noted: “At the moment, I cannot imagine how a major airline could justify ‘sustainable’ flying.”...
...On a forward price/earnings ratio Lufthansa, at 4.8 times, trails its pre-pandemic five-year average by about 30 per cent, as does British Airways owner International Airlines Group on 4.5 times on S&P Capital...
...Growing instances of strikes by airport personnel are set to hit Lufthansa’s profit growth in 2024, leading the German carrier to lower its full-year outlook on margins....
...Lufthansa’s Carsten Spohr agreed, and added that the German carrier used to fly directly to 14 destinations in south-east Asia, but now only flies to Singapore and Bangkok....
...Growing instances of strikes by airport personnel have hit Lufthansa’s profits, causing the German carrier to lower its full-year outlook on margins....
...Lufthansa and Air France-KLM have also recently predicted another bumper summer as travellers brush off geopolitical fears and a weak economic backdrop....
...People close to the talks between Brussels, Lufthansa and Rome said the German carrier offered to give up certain airport slots at Milan Linate, but the EU asked for further concessions on the number of...
...The region’s big national airline groups, British Airways owner IAG, Air France-KLM and Lufthansa, are still flying smaller schedules than in 2019, after cautiously rebuilding their businesses from the pandemic...
...EasyJet, Gol, Iberia, Lufthansa and Wizz Air have all been removed from an SBTi validation process for their climate plans after failing to submit sufficiently ambitious targets....
...Brussels has opened an in-depth probe into Lufthansa’s purchase of a minority stake in ITA Airways on competition concerns, the latest example of consolidation in the airline sector facing post-pandemic...
...Willie Walsh, the former boss of British Airways owner International Airlines Group; Lufthansa chief Carsten Spohr; current IAG boss Luis Gallego and O’Leary all fall into one of these categories....
...Big movers on the (record setting) European equity markets today include emerging markets-focused bank Standard Chartered, German airline Lufthansa and Swiss industrial group Georg Fischer....
...Lufthansa in Germany this month unveiled a new set of long-haul cabins as part of a €2.5bn investment, which was significantly delayed because of supply chain problems....
...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 has reported “record” sales and profits over the summer, as travellers continue flying despite several airlines raising ticket prices....
...Lufthansa: Shares in the German airline slipped 1.4 per cent after brokers at Citigroup cut their target price for the company and lowered its rating to sell from neutral....
...Brussels opened an in-depth probe into the Lufthansa deal in January....
...It is the latest in a series of rulings covering everything from Swedish “net zero” milk, German “climate neutral” heating oil and Austrian Airlines’ “carbon-neutral” flights, which have all fallen foul...
...In Lufthansa’s case, the regulator said the airline had not properly explained a claim in its advert that customers could “fly more sustainably”....
...The crisis spurred the German government to offer Lufthansa a €9bn bailout package, amid wider concern for the future of the airline industry....
...The airline was offered a €9bn bailout package by the German government amid concern for the future of the airline industry during the pandemic. It has since repaid the money....
...Lufthansa has expanded from its German roots and hoovered up other central and northern European airlines and also owns Swiss, Austrian Airlines and Brussels Airlines....
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