Lufthansa Group Posted a €734 million loss in 1Q 2024
Category Lufthansa
Lufthansa gets green light for state aid deal
After a tense week full of uncertainties, Lufthansa Group finally concluded the EUR 9 billion stabilization package at the June 25 shareholder meeting. The airline gained the support of critical major shareholder Heinz Hermann Thiele on the night before the…
Lufthansa targets swift return to pre-Covid cost levels
Lufthansa Group recorded a EUR -2,1 billion net loss for the first quarter, it announced on June 3 during a delayed Q1-results presentation. Remember this period includes only the start of the Covid-19 crisis, so there is worse to come…
Lufthansa Group prepares for drastic post-Covid shrink
Lufthansa Group will significantly reduce its fleet as it prepares for the post-Covid 19 return to service, the airline said on April 7. The reduction and reorganization will include all airlines and result in a yet to be confirmed number…
Lufthansa: Covid will lead to smaller airline sector
The worldwide Covid-19 crisis will have a profound and lasting effect on the future of the airline industry. Most likely the sector will shrink and leave space for only much smaller airline groups, Lufthansa CEO Carsten Spohr has warned on…
Lufthansa Group plans 50 percent capacity cut
If bookings continue to drop in the coming weeks, Lufthansa Group will reduce capacity by 50 percent, the airline said on March 6. Following the outbreak of Covid-19, the German giant has seen a massive drop in traffic in all…