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 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…
After weeks of tough negotiations, Lufthansa has concluded a financial aid package with the German government, represented by the Wirtschaftsstabilisierungsfonds (WSF) or Economic Stabilization Fund (ESF). This will give the government a silent share of 20 percent, 23 years after…
Lufthansa and the European Commission have reached a compromise on the terms of the German state aid-package, the airline has confirmed on May 30. The agreement opens the door to final approval from the supervisory board and shareholders, which was…
At what price do you run a low-cost airline? And who will pay the price for a cheap ticket? Questions like this spring to mind when you follow the news around Ryanair’s Austrian subsidiary Laudamotion last week.In a fight not…
Friday, May 15. In recent days, airlines have been announcing a gradual return to flying again. The picture is diffuse, with some offering limited services from the second half of May and others extending their suspensions. So we update our…