While some European airlines have released results for their staggered financial years, it was actually Icelandair to be the first one to report on its full-year 2020 results on February 9. Like we have done with US airlines, here is…
The airline industry needs another $80 billion in financial aid from governments to get it through the upcoming winter season, IATA Direct General Alexandre de Juniac said last week ahead of Tuesday’s digital Annual General Meeting in Amsterdam. This comes…
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 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’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 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…