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Lufthansa To Cut More Than 1,000 Pilot Positions - Der Spiegel
Deutsche Lufthansa Extends Contract With Harry Hohmeister
Lufthansa Extends Contract Of Board Member Harry Hohmeister Ahead Of Schedule
Deutsche Lufthansa AG is a Germany-based company that provides passenger and cargo air transportation services worldwide. The Company's segments include Network Airlines, Eurowings, Logistics, MRO and Catering. The Network Airlines segment comprises Lufthansa German Airlines, SWISS and Austrian Airlines. The Eurowings segment comprises Eurowings, Germanwings and Brussels Airlines, as well as the equity investment in SunExpress. The Logistics segment comprises the scheduled airfreight activities of the Lufthansa Cargo group. The MRO segment includes provision of maintenance, repair and overhaul services for civil and commercial aircraft. The Catering segment provides airline catering services. The Company offers flight and connection programs in North America, Scandinavia and Asia.
Venloer Strasse 151-153
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Honorary Chairman of the Supervisory Board
Deputy Chairwoman of the Supervisory Board and Employee Representative
Chief Financial Officer, Member of the Executive Board
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Deutsche Lufthansa <LHAG.DE> is burning cash at a rate of 500 million euros ($590 million) per month and is far from breaking even, the German airline's chief executive said on Monday.
Lufthansa unit Swiss International Air Lines plans to cut roughly 1,000 jobs over the next two years through voluntary measures rather than layoffs, its outgoing Chief Executive Thomas Kluehr said in remarks published on Saturday.
India’s aviation regulator on Tuesday said it is in negotiations with Germany over flights between the nations after German carrier Lufthansa said it was forced to cancel some flights to the South Asian country.
Deutsche Lufthansa AG plans to start making rapid COVID-19 antigen tests available to passengers in October and is weighing the option of opening test centres at airports in the United States and Canada, a company executive said on Tuesday.
Lufthansa announced further cuts to its fleet and workforce on Monday along with a 1.1 billion euro ($1.3 billion) impairment on idled aircraft as Europe's worsening coronavirus situation spread gloom across the airline sector.
A worsening outlook for air travel prompted Lufthansa to further cut its fleet and workforce on Monday as the coronavirus crisis forced it to take a 1.1 billion euro ($1.3 billion) impairment on the value of its aircraft.
German airline Lufthansa could cut its fleet by 130 planes in response to the coronavirus crisis, two people familiar with the matter said.
Lufthansa <LHAG.DE> said it had reached an agreement with pilots on Wednesday over a package of short-term measures to cut costs as the German airline battles to reduce losses due to the coronavirus pandemic.
The management board of Lufthansa unit Austrian Airlines said on Wednesday they would hand back their recent bonuses after Austria's finance minister said the payments were "unacceptable" for a company that is being bailed out.
Cabin crew at Lufthansa <LHAG.DE> have voted overwhelmingly in favour of a deal to stop pay rises and cut hours, the UFO trade union said on Saturday as the German airline battles to rein in losses due to the coronavirus pandemic.
German airline Lufthansa said on Thursday it had walked away from talks with union Verdi over a package to cut staff costs and would only return to the negotiating table if Verdi offers significant labour cost savings.
Lufthansa put German workers on notice of compulsory lay-offs on Thursday, saying tumbling air travel and slow progress in union negotiations meant cuts were unavoidable after it lost 1.7 billion euros ($2 billion) in a single quarter.
Germany's Lufthansa said it does not expect air travel demand to return to pre-crisis levels before 2024 and posted a second-quarter loss of 1.5 billion euros ($1.78 billion) as cost cuts failed to offset a steep decline in revenue.
The Belgian subsidiary of Lufthansa <LHAG.DE> Brussels Airlines said on Friday it would get a 290 million euro loan from the Belgian government and a 170 million euro capital injection from its German owner.
Germany will take further stakes in companies threatened by the coronavirus crisis, Economy Minister Peter Altmaier said, adding that "probably a few dozen" firms might follow airline group Lufthansa <LHAG.DE> in passing into partial state ownership.
Germany's Lufthansa airlines will cut 20% of its leadership positions and 1,000 administrative jobs in a restructuring plan that it announced on Tuesday to cope with fallout from the coronavirus crisis.
Lufthansa announced another package of restructuring measures on Tuesday, including a 20% cut in leadership positions and the reduction of 1,000 administrative jobs, as it battles with the fallout from the coronavirus pandemic.
Deutsche Lufthansa <LHAG.DE> said Chief Executive Carsten Spohr will assume additional responsibility for the airline's finances after the departure of fellow executive board member Thorsten Dirks.
The German government is making part of its 9 billion euro ($10.10 billion) bailout fund available to Lufthansa immediately after shareholders backed the rescue plan on Thursday, Der Spiegel magazine reported on Friday.
Lufthansa shareholders on Thursday backed a 9 billion euro ($10 billion) government bailout, securing the future of Germany's flagship airline after it was brought to the brink of collapse by the COVID-19 pandemic.
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