Page 5 - Lufthansa

Lufthansa reaches crisis deal with union to cut 200 million euros in costs

German airline Lufthansa said it had reached a new deal with trade union Verdi to cut 200 million euros (£178 million) in costs in return for making no compulsory redundancies in 2021

Lufthansa braces for very slow recovery in passenger demand

Reliable forecasts remain impossible for the time being, but advance bookings for private trips in June next year are close to pre-crisis levels and already above them on certain days in September.

India, Germany talks on resumption of passenger flights to be held on Oct 6

In response to queries sent by the PTI, the BMVI stated it and the Indian Ministry of Civil Aviation are "confirmed to hold bilateral talks on October 6 through video conference"

AI cancels Frankfurt flights till Oct 14 after Germany withdraws permission

The government officials said Thursday the airline has cancelled 10 Delhi-Frankfurt flights and two Bengaluru-Frankfurt flights that were scheduled till October 14

Lufthansa cancels flights to India after govt proposes more curbs

India formalised an air bubble with Germany in July 2020. An air bubble arrangement allows nationals of both the countries to travel in either direction

Lufthansa to cut more jobs, pull big jets due to gloomy travel outlook

The airline will also pull its remaining eight Airbus A380 jets out of service and put them in long-term storage, along with 10 four-engine A340-600 aircraft

Lufthansa to operate 160 flights between India, Germany in September

German airline major Lufthansa on Tuesday said that it will operate 160 flights between India and Germany in September.

India travel demand remains high, says Lufthansa as Germany flights resume

India is one of most important international markets, says Germany's largest airline

Covid-19: Loss-making Lufthansa forecasts no air travel take-off until 2024

Lufthansa plans to increase short and medium-haul capacity to 55% of prior-year capacity in the fourth quarter

Mumbai Airport runs 21 flights to US, Germany, France under bubble pacts

Under the pacts, airlines such as Air India, Air France, and Lufthansa are operating on these routes, MIAL said

Air travel bubble takes flight even as demand tapers due to entry curbs

Air France and United have already commenced bookings for travel from Paris and Newark to India, while Lufthansa is yet to open inbound sales

Lufthansa airlines to slash leadership, cut 1,000 administrative jobs

Lufthansa Group, which employs about 138,000 people, said it would also halve its investment in new aircraft, although it said that meant it could still add up to 80 new planes by 2023.

Lufthansa shareholders approve German govt bailout

Shareholders of German flag carrier Deutsche Lufthansa gave the green light to the federal government's 9-billion-euro ($10 billion) stabilization package, the company said.

European stocks end higher as mood improves, Lufthansa jumps over 7%

The pan-European STOXX 600 closed up 0.7% after a choppy session with automakers, financial services, banks and insurers the top gainers, rising between 1.6% and 2.4%.

Lufthansa gears up for showdown with investor over 9-billion-euro bailout

Lufthansa has been hard hit by what is expected to be a protracted travel slump because of the Covid-19 pandemic, forcing it to seek a bailout

Covid-19 impact: Lufthansa says 22,000 jobs could go in costs purge

The carrier may also face a fare war with European discounters led by Ryanair Holdings and years of sluggish demand on usually money-spinning long-haul routes.

Lufthansa management accepts tweaked demands by Brussels over state bailout

Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus pandemic

IT firms to face heat as global enterprises put digital projects on hold

Digital initiatives of several global enterprises have been cancelled or postponed in the last couple of months as the Covid-19 crisis has prompted firms to halt non-revenue generating ventures

Lufthansa refuses to accept EU conditions on $10-billion bailout

Airlines including Air France-KLM and the main U.S. carriers have all sought government aid to ride out the coronavirus crisis, which has brought air travel to a near-halt.

Germany stamps authority on Lufthansa with $9.8 billion lifeline

Berlin, which has set up a 100 billion euro fund to take stakes in companies struck by the coronavirus crisis, says it plans to sell the Lufthansa stake by the end of 2023