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…
The Airbus A380 continues to be one of the aircraft types that is hit the hardest by the current crisis. With some 240 A380’s available, most have been grounded since late March. In recent days, many have been placed in…