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For 1Q24, Lufthansa Group recorded a preliminary Adjusted EBIT loss of €849 million, compared to last year’s loss of €273 million. The current loss was higher than expected due to strikes by different employee groups within the Group and by…
On January 23, the European Commission opened an investigation into Lufthansa’s proposed ITA acquisition. Today, the findings have been published, with a Statement of Objections. The summary states: The Commission is concerned that the transaction may Reduce competition on a certain…
Lufthansa Group announced its 2023 earnings with the third-best financial results in its history. These results come as the airline faces, yet again, industrial action by ground workers and other staff. Lufthansa Group doubled its net profit from €791m to…
Prefer immediate full access? Subscribe for complete analysis + ongoing updates Want this applied to your fleet or portfolio? We can run a focused 15–20 minute walkthrough on the implications for your specific programs or risk exposure — or put…
China Southern Airlines and Lufthansa Technik signed an exclusive eight-year contract regarding the technical support for the auxiliary power units (APUs) of the Chinese carrier’s A350 fleet (20 aircraft). According to the long-term agreement, Lufthansa Technik will provide maintenance, repair,…