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...Miles & More users can swap their miles for Lufthansa flights or for products ranging from wine to designer furniture....
...Unionised Lufthansa flight attendants on Wednesday also voted to take strike action in future....
...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....
...in the history of the Lufthansa Group”....
...Not only cargo but also its maintenance business (Lufthansa Technik) have delivered all group operating profits since 2019....
...“If they want to move their cargo, they will have to accept a significant increase in their carbon emissions,” the company wrote in a note....
...Products are usually shipped to customers from Ludwigshafen in trains operated by the Deutsche Bahn subsidiary DB Cargo, but these are now no longer running....
...“For cargo owners, it’s adding time and cost and disruption,” Heaney said. Disruption in European ports was also a risk if many delayed services all arrived close together, he added....
...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....
...However, Lufthansa’s large cargo operations are vulnerable to a decline in air freight rates in 2023. Cargo accounted for 30 per cent of adjusted ebit in the third quarter....
...The assets could range from planes to cargo businesses or contracts with airport ground handlers....
...“Lufthansa is back,” said Carsten Spohr, chief executive at Deutsche Lufthansa AG. “In just one year, we have achieved an unprecedented financial turnaround.”...
...Lufthansa said it will present its full-year figures on March 3....
...In other recent scandals, supposed bags of nickel at a London Metal Exchange warehouse were found to be full of rocks, while US trading company Gerald Group bought cargos of tin concentrate in Brazil that...
...double its full-year outlook on adjusted earnings before interest and taxes to €1bn, added that the ongoing disruption in global supply chains meant it could maintain exceptionally high freight rates for cargo...
...Passenger numbers and cargo may need to be restricted to solve the problem....
...Lufthansa’s cargo division benefited from high demand for freight transport, posting record earnings before tax and interest of €482mn in the quarter....
...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”....
...Share price moves to note on the European stock exchanges today include German carrier Lufthansa, Italy’s UniCredit and Spanish telecoms group Telefónica: Shares in Lufthansa rose 3 per cent on Tuesday...
...The trade has blossomed since Cheniere’s first cargo left port in 2016, turning the US into a critical LNG supplier to allies facing an energy crunch....
...way from the Brighton seafront through Sussex to our campsite near Rye (where I spot a ’90s-vintage camper along with the usual crowd of modern, luxurious, VW California vans), we slide open the Buzz’s cargo...
...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”....
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