by Richard Schuurman | Jul 16, 2020 | Aerospace |
It’s mid-July and most airlines have significantly ramped up capacity since June, with more steps to follow this summer. Yet, traffic is still well below pre-Covid 19 levels. We bring you an update, with further updates on American Airlines, Emirates, Etihad, Vietnam...
by Richard Schuurman | Jun 3, 2020 | Lufthansa |
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 during Q2. The net loss compares...
by Richard Schuurman | Apr 7, 2020 | Lufthansa |
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 of job losses. CEO Carsten...
by Richard Schuurman | Mar 14, 2019 | Lufthansa |
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 most profitable...
by Richard Schuurman | Feb 17, 2019 | Airlines |
Uncertainty over the outcome of Brexit is a major factor in the demise of UK regional airline flybmi, which ceased operations on February 16 after going into receivership. The airline grounded all its 17 Embraer ERJ-135s and ERJ-145s, having failed to secure backing...
