Austrian Airlines is taking severe cost-cutting measures from 2021 to assure it return to profitability. Between 700 and 800 staff will be made redundant as the airline needs to save EUR 90 million annually after having given a profit warning…
Lufthansa’s low-cost airline Eurowings before the end of next year will re-focus on short-haul, point-to-point operations, slash costs by 15 percent and later on modernize its fleet. This is the most significant announcement at Lufthansa’s Capital Markets Day for investors…
Lufthansa came up with a couple of surprises at its Q1 results presentation on April 30. The first was the results itself, with a Group loss of EUR -336mln. The second is when the German aviation giant disclosed that it…
This story is for subscribers only. Sign in to your account. Sign up for Corporate account Sign up for Annual individual plan Sign up for Monthly individual plan
Lufthansa Group saw its net profit in 2018 reduced to €2.161bln, down 8 percent from €2.340bln the previous year. Adjusted EBIT was 4 percent lower at €2.836bln. This means that the German/Austrian/Swiss airlines group lost its top ranking as the…
Lufthansa has decided a significant renewal of its long-haul fleet on March 23, by announcing it has placed a follow-on order with Airbus for 20 A350-900s but also becoming a Boeing 787-customer, with an order for 20 -9s. Out will…