BERLIN—Lufthansa is cancelling an additional 2,000 flights from Frankfurt and Munich this summer, the German flagship carrier said on Wednesday, citing staffing shortages at airports as well as industrial action and the ongoing COVID-19 pandemic. “Lufthansa has implemented numerous measures and is recruiting additional staff wherever possible to ensure the greatest possible stability of the…
Brussels Airlines to Cancel Around 700 Flights Over Summer Holiday
BRUSSELS—The Belgian subsidiary of Lufthansa, Brussels Airlines, is canceling close to 700 flights over the summer holiday period, around 6 percent of those scheduled, to reduce workload and avoid strikes, the airline said on Monday. “We are meeting the demands of the unions today and we hope it can rule out further actions (this summer),”…
Lufthansa, Air France Join Forces Against EU’s Climate Plans for Aviation
BERLIN—An alliance of airlines and airports called for changes to the European Union’s planned climate change legislation on Monday, arguing it will make them less competitive with non-European rivals. Taking aim at aviation, a sector deemed responsible for up to 3 percent of global emissions, the European Union presented plans last July that foresee stricter…
Germany’s Lufthansa Raises $1.7 Billion in Corporate Bond Sale
Germany’s Lufthansa said on Tuesday it raised 1.5 billion euros ($1.73 billion) in a corporate bond sale, its third bond sale this year, in order to boost the company’s liquidity and refinance debt. Earlier this year, the airline company, which was hit by a pandemic-related tourism crunch, raised a total of about 2.6 billion euros…
Lufthansa CEO Sees Business Travel Recovering Faster Than Thought
VIENNA—Business air travel is recovering faster than expected and should remain solid through the winter, the chief executive of Germany’s Lufthansa (LHAG.DE) said in remarks published on Monday. Meanwhile private travel is seeing an “extension of the summer season” as people catch up on flights they were not able to take immediately after the onset…
Lufthansa, EasyJet Win EU Court Backing to Buy Air Berlin Assets
BRUSSELS—German airline Lufthansa and British peer EasyJet on Wednesday gained backing from Europe’s second top court for their acquisitions of insolvent German carrier Air Berlin’s assets four years ago. Lufthansa received the EU green light from the European Commission in 2017 to buy Air Berlin’s subsidiary LGW in return for giving up some slots at…
Demand for Lufthansa Flights to US Soars on Re-Opening
September 28, 2021
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airlineBusiness & EconomyCompaniesdemandEconomieseconomyEuropeflightsInternationallufthansatravellersUSUS NewsWorld
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BERLIN—Demand for transatlantic flights has jumped since the United States announced plans last week to reopen to fully vaccinated travellers from countries including most of Europe, German airline Lufthansa said on Tuesday. On some days last week, bookings for transatlantic flights were up threefold from the week before, with demand on some routes nearing pre-crisis…
Demand for Lufthansa Flights to US Soars on Reopening
September 28, 2021
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airlineBusiness & EconomyCompaniesdemandEconomieseconomyEuropeflightsInternationallufthansatravellersUSUS NewsWorld
0 Comment
BERLIN—Demand for transatlantic flights has jumped since the United States announced plans last week to reopen to fully vaccinated travellers from countries including most of Europe, German airline Lufthansa said on Tuesday. On some days last week, bookings for transatlantic flights were up threefold from the week before, with demand on some routes nearing pre-crisis…
Lufthansa Launches $2.5 Billion Capital Increase to Repay State Bailout
FRANKFURT—Lufthansa said on Sunday it would launch a capital increase that was expected to raise 2.14 billion euros ($2.51 billion) to pay back part of a state bailout Germany’s top airline received during the coronavirus crisis. The subscription period for the widely-expected rights issue, involving the issue of about 597.7 million new shares, would run…
Lufthansa Putting on More Business Flights: CEO
BERLIN—Lufthansa is putting on more flights for business travelers in September and October, the chief executive of the German airline told Reuters on Wednesday. “We are now seeing very clearly that business travelers are coming back,” Carsten Spohr said, adding Lufthansa had increased capacity on domestic flights by 30 percent in September and would increase…
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