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 said it “will continue to work vigorously for a swift conclusion of the EU Commission’s review and for the subsequent implementation of the investment”....
...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 said it would examine the ruling and then decide on further action....
...“As a network airline, ITA will closely co-operate with Lufthansa Group to benefit from group synergies,” the airline said....
...That said, Lufthansa would like to sell a stake in the latter to lower its net debt (including pensions) to ebitda ratio below the current 2.3 times. Investors, too, love Spohr’s optimism....
...“Lufthansa is back,” said Carsten Spohr, chief executive at Deutsche Lufthansa AG. “In just one year, we have achieved an unprecedented financial turnaround.”...
...Citing “strong demand” for air travel, it said earnings performed above expectations in October and November. This optimism has rubbed off on Lufthansa’s supervisory board....
...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”....
...“People who are travelling business class or even first class on an airline like Lufthansa . . . they tend to be less sensitive to economic up and downturns,” said Spohr....
...Lufthansa said it has cancelled 770 flights to try to give its operations more resilience in the busiest periods in the afternoon and evenings....
...United Airlines, Lufthansa, Virgin Atlantic, Swiss International Air Lines and JetBlue will begin rolling out the so-called CommonPass to passengers on some flights from December....
...The issue affects most UK and European carriers, including Lufthansa and Air France-KLM....
...ITA said MSC and Lufthansa had asked for Italy’s government to maintain a minority stake in the airline....
...In the previous quarter, Lufthansa booked a loss of more than €950m. Last week, Air France-KLM said its operating income had come in at €132m for the quarter, citing strong customer demand....
...Lufthansa is to raise more than €2.1bn by offering new shares to investors, the German carrier said on Sunday, and use the proceeds to repay the multibillion-euro bailout it received from Berlin in the summer...
...At the same time, Lufthansa will expand the number of premium economy seats, Spohr said, because they provide significantly better profit margins per square metre....
...In the short term, however, Lufthansa said it was “prepared to offer” up to 70 per cent of its pre-crisis capacity to meet resurgent demand....
...Until last year, EY had increased its market share among German blue-chip companies, winning mandates from Volkswagen and Lufthansa alongside Deutsche....
...Lufthansa said 20 per cent of management positions will be axed next year, although it refused to specify how many more jobs would be at risk in total....
...Helped by bailouts from Germany and Switzerland, Lufthansa said it had roughly €10bn in liquidity, and was “also in a position to withstand further burdens from the coronavirus pandemic”....
...More than 30 of Europe’s largest companies, including Anglo American, BMW, EDF and Lufthansa, have been urged to include climate change risks in their financial statements as concerns grow that corporate...
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