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Top related persons:
Berlin CNN — - 1 Remco Steenbergen - 1 Verdi - 1 Marvin Reschinsky - 1 Michael Niggemann - 1 Chris Stern - 1 Olesya Dmitracova - 1 Eve Brennan - 1
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Lufthansa - 2 Berlin CNN - 1 Berlin CNN — Germany’s - 1 Lufthansa Group - 1 Austrian Airlines - 1 Security - 1 Hamburg - 1 Monetary Fund - 1

Search resuls for: "Lufthansa’s"


5 mentions found


☆ Lufthansa is hurting as Germany is gripped by strikes
  + stars: | 2024-03-07 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
The strikes have also discouraged numerous customers from booking flights — particularly last-minute ”profitable” flights — resulting in a ”significant sales loss” for the company, he added. Lufthansa Group reported operating profit of around €2.7 billion ($2.9 billion) — the third-biggest in its history, and up 76% from 2022. The Verdi union, which represents 25,000 Lufthansa ground staff, had called for them to go on strike from early Thursday and until Saturday morning. The strikes are just the latest in a wave of industrial action in Germany, famed for its strong legal protections for workers, and follow walkouts by train drivers in January over wages. Deutsche Bahn, Germany’s state-owned rail operator, said it expected the industrial action to have a “massive” impact on its operations.
Persons: Berlin CNN —, Remco Steenbergen, Verdi, Marvin Reschinsky, Michael Niggemann, Chris Stern, Olesya Dmitracova, Eve Brennan, Rob North Organizations: Berlin CNN, Berlin CNN — Germany’s, Lufthansa Group, Lufthansa, Austrian Airlines, Security, Hamburg, Monetary Fund, Deutsche Bahn Locations: Berlin, €, Frankfurt, Dusseldorf, Germany, Germany’s, London
☆ The European Commission Launches an In-Depth Look at Competitive Costs of the Lufthansa Deal for ITA
  + stars: | 2024-01-23 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
MILAN (AP) — The European Commission on Tuesday announced an in-depth investigation of German airline Lufthansa’s planned takeover of Italian carrier ITA Airways, citing competitive concerns. Lufthansa signed a deal last year for a 41% minority share in the long-struggling ITA Airways, formerly Alitalia. The deal calls for a 325-million-euro ($354 million) investment by Lufthansa, and another 250 million euros ($272 million) from the Italian Finance Ministry. The European Commission cited concerns about reduced competition on short-haul flights between Italy and Central Europe and long-haul routes between Italy and the United States, Canada, Japan and India. ITA Airways and Lufthansa compete on the Central European flights, where low-cost players generally serve secondary airports.
Persons: Gregory Alegi, bailouts, ’ Alegi Organizations: MILAN, European Commission, Lufthansa’s, Italian, ITA Airways, Lufthansa, Alitalia, Italian Finance Ministry, Central, ITA, Air Canada, United, European Union, LUISS University Locations: Italy, Central Europe, United States, Canada, Japan, India, Milan’s Linate
☆ Lufthansa IT failure grounds flights worldwide
  + stars: | 2023-02-15 | by ( Chris Liakos Livvy Doherty Anna Cooban | Chris Liakos | Livvy Doherty | ) edition.cnn.com   time to read: +1 min
This is causing flight delays and cancellations. We regret the inconvenience this is causing our passengers,” Lufthansa said on Twitter. Lufthansa owns carriers Austrian Airlines, Brussels Airlines, Eurowings and Swiss. In a separate statement on its website, Lufthansa recommended that passengers in Frankfurt avoid traveling to the city’s airport. Passengers with domestic flights can switch to Deutsche Bahn — Germany’s national rail service — for free until Sunday, the airline added.
☆ Lufthansa offers Alitalia heir last chance to fly
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +2 min
MILAN, Jan 18 (Reuters Breakingviews) - Lufthansa’s (LHAG.DE) boss Carsten Spohr is trying to catch Alitalia’s successor before it crashes. But Italian media and sources familiar with the situation have said the Germans could inject 300 million euros for a 40% stake. That would value ITA at 750 million euros, much less than the lofty 1.2 billion euro valuation that shipping giant MSC, a former Lufthansa ally, was prepared to pay a year ago. Bidders for Alitalia and its successor have come and gone, contributing to the Italian state burning over 10 billion euros of taxpayers’ money in multiple bailouts. Lufthansa, which considers Italy an attractive tourist market, could revamp the smaller carrier by linking it to its network of global routes.
☆ Hong Kong Covid: Airlines race to add flights to the city, reviving hopes for its recovery as an aviation hub
  + stars: | 2022-09-26 | by ( Michelle Toh | ) edition.cnn.com   time to read: +6 min
Hong Kong CNN Business —International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of quarantine measures, leading to a surge in demand for travel. “As Hong Kong’s home airline, we are fully committed to rebuilding the connectivity of the Hong Kong aviation hub,” it said in a statement. This will absolutely increase the demand for travel to and from Hong Kong,” Christoph Meyer, Lufthansa’s general manager of sales for Hong Kong, Macao and South China, said in a statement. International Air Transport Association Director General Willie Walsh said last week that China’s zero-Covid policy had “devastated” Hong Kong. Friday’s news puts Hong Kong back on “the right track,” said Dr. Kam Hung Ng, assistant professor of aviation engineering at the Hong Kong Polytechnic University.
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