Lufthansa Group is set to become the first European airline to have fully repaid all Covid-related state aid. The German carrier announced a €2.1 billion capital increase on September 19, with the aim of bolstering its equity position, repay debts,…
Lufthansa reports a slight improvement in its financial and operational results in the second quarter of this year. Thanks to strong forward bookings, it produced a positive free cash flow of €340 million, the first time since the start of…
A number of times during Thursday’s Airlines for Europe (A4E) Aviation Summit, CNN’s Richard Quest tried to tease airline CEOs with almost the same question: is your lobby effective enough? Is Airlines 4 Europe taken seriously enough? Posing the question…
Europe has been one of the continents where the pandemic has a prolonged effect on air travel. Whereas there has been a rebound in domestic travel in the US, Europe is dominated by continued restrictions as various countries suffer from…
Lufthansa is to cut more full-time jobs and retire additional aircraft, it announced on September 21 in its third restructuring program. An unspecified number of extra jobs will be lost, on top of the 22.000 full-time equivalents reported in April…
Lufthansa Group’s difficult and painful second quarter and first half-year, in which it was forced to start a deep restructuring and the German state became a shareholder again, translated into somber financial results. The airline ended HY1 at a €3.617…