Lufthansa reports Improved First-Quarter Earnings

Lufthansa reports Improved First-Quarter Earnings

On Tuesday, Lufthansa has reported improved first-quarter earnings. The rise is partly attributed to the 'weakened' euro, which dropped by more than 11% against the dollar in this quarter. The earnings have also been boosted due to lower fuel bill.

The airline is trying to lower the costs in order to compete better with its rivals from the Gulf, Turkey and with the low-cost carriers in Europe.

The airlines stated that action was required to lower the costs further, especially because of a rising pension burden and staff-related expenses.

Lufthansa reported that its unit costs rose by 2.8% in this quarter while the ticket prices, dropped by 2.9%, thereby, considerably lowering the yields.

Lufthansa pilot Union to Extend Strike to Long-Distance Flights on Thursday

Lufthansa pilot Union to Extend Strike to Long-Distance Flights on Thursday

Lufthansa pilots are on strike leading to cancellation of hundreds of flights. Due to strike Wednesday that grounded some 750 flights affected around 80,000 passengers. Most of the flight were domestic or within Europe.

The strike is active on short and medium haul operations. The Vereinigung Cockpit union said that on Thursday, it would extend its strike to long-distance flights. In past few months, the union has hit many Lufthansa units resulting into walkouts.

The argument is over the airline's plans to scarp transition payments for pilots to want to take early retirement. But the union wants no changes and payments to be maintained.

European airlines continue to suspend Israel flights

EUASABerlin: Several major European carriers have announced that they will stick to their decision to suspend their flights to Israel despite the lifting of a flight ban by the European Aviation Safety Agency (EASA).

Germany's largest airlines Lufthansa said yesterday it extended its suspension of flights to Tel Aviv's Ben Gurion Airport until Friday and cancelled all 16 flights of the Lufthansa group scheduled for the day from Frankfurt, Munich, Cologne, Zurich, Vienna and Brussels.

This decision was taken after a risk assessment of the situation in Tel Aviv, Lufthansa said in a press statement.

Lufthansa to operate Boeing 747-8 to Mumbai

LufthansaMumbai, May 7 : German passenger carrier Lufthansa Wednesday said it will launch services between Frankfurt and Mumbai on its flagship Boeing 747-8 from July 15.

Mumbai becomes the third city in India where Lufthansa will operate the Boeing 747-8. Currently it operates the aircraft to Delhi and Bangalore.

Lufthansa was the global launch customer for the latest version of the Boeing jumbo jet. (IANS)

Largest strike in Lufthansa history hits airline

Largest strike in Lufthansa history hits airlineBerlin, April 2 : Lufthansa pilots began a three-day strike Wednesday, kicking off the biggest protest action in Lufthansa's corporate history and majorly paralysing air traffic of Europe's largest airline.

However, local media reported no chaos at Germany's two largest airports, Frankfurt and Munich, as a spokesman from the latter described the situation as "manageable", Xinhua reported.

The spokesman said the people were well informed and things were calm in the terminal.

Lufthansa to start flying Airbus A380s to India later this year

Lufthansa to start flying Airbus A380s to India later this yearGerman airline Lufthansa has plans start flying superjumbo Airbus A380 planes on routes to India later this year.

India's civil aviation ministry on Monday lifted a landing ban on Airbus A380s, saying the operation of the superjumbo planes would provide passengers more comfortable and luxurious travel as well as allow airports to generate more revenue.

Lufthansa subsidiary officials charged for bribery

Lufthansa subsidiary officials charged for briberyTwo former officials from a subsidiary of Lufthansa have been charged in the US state of Oklahoma for being involved in bribing foreign officials for obtaining aircraft maintenance contracts.

Two others also pleaded guilty for related criminal charges, according to the .S. Department of Justice. The two officials of Lufthansa Technik's BizJet International Sales and Support were charged with bribing government officials in Latin America for obtaining contracts for the company.

Lufthansa striking cabin crew ready for talks

LufthansaThe representatives of a union of striking cabin crew at German airlines, Lufthansa have indicated that they are ready for talks during the coming weekend.

The union appeared ready for talks after renewing contact with the airline amid disagreements over pay and conditions for employees at the airlines. The union has not planned further strike after Friday, according to UFO head Nicoley Baublies.

Air India to pursue Star Alliance, but airlines group non-committal

Air India to pursue Star Alliance, but airlines group non-committal Air India has not stopped making efforts to become a member of Lufthansa-led international airline group called Star Alliance.

In a recent interview, Air India CMD Rohit Nandan revealed that Air India approached the alliance last week and emphasised that it was good and performing well as any of the alliance’s members.

Speaking on the topic, Mr. Nandan said, “Air India is still looking at Star Alliance and feels that it must take us as our performance data is better than others and better than ever.”

Airlines oppose proposed hike in airport charges

Airlines oppose proposed hike in airport chargesAirlines oppose proposed hike in airport chargesInternational as well as domestic carriers on Thursday aggressively opposed the Airports Authority of India’s proposal to hike the landing charges at Chennai airport.

The AAI intends to increase landing charges at the Anna International Airport for both international and domestic airline by 118 per cent and 48 per cent respectively starting 1st of November.

Starting 2013-14, there would be a 6 per cent annual rise each tariff year on landing, housing, parking as well as UDF.

Lufthansa to deploy Boeing 747-8 on Bangalore-Frankfurt route

Lufthansa to deploy Boeing 747-8 on Bangalore-Frankfurt routeGermany's national carrier, Lufthansa is planning to deploy world's longest passenger aircraft, Boeing 747-8 on its Bangalore-Frankfurt route later in the year.

The aircraft, which can accommodate 362 passengers on comfortable chambers, will touchdown in the south Indian city within 2012. The company had started using the plane on Delhi-Frankfurt route on Tuesday and said that it will add more jumbo jets to its impressive fleet this year.

Lufthansa downsizes Austrian Airlines' units

Lufthansa downsizes Austrian Airlines' unitsVienna, Feb 25 - Lufthansa is reducing the cargo business of Austrian Airlines, the newly acquired subsidiary said Wednesday - 24 hours after announcing cuts in its technical maintenance unit.

The troubled Austrian Airlines is currently implementing tough savings measures and cuts, after being taken over by Lufthansa last September in an effort to use synergies between the two carriers.

A quarter of jobs in cargo and maintenance would be slashed, reducing the number by 260, a spokesman said.

Lufthansa pilots back to work, for now…

First the good news, there is a sigh of relief as Lufthansa pilots agreed to return to work, temporarily suspending a protest that had grounded hundreds of flights. The bad news follows, French air traffic controllers and British Airways now also plan to join the revolt against harsh pay cuts that threatens to throw European air travel into bedlam.

In a court hearing, Vereinigung Cockpit - the pilots' union agreed to suspend the strike until March 8.

Following the German court ruling, Lufthansa pilots postpone strike

Following the German court ruling, Lufthansa pilots postpone strikeAfter a German court ruled against the union on a key contract issue, Lufthansa Airlines said its pilots union had agreed to suspend a four-day work stoppage.

The New York Times reported on Monday that a labor court disagreed with the Cockpit Association's contention that the airline would have to obey German labor laws even for employees that did not work in Germany.

The union agreed to postpone a four-day strike until March 9, after the German court ruling.

Lufthansa pilots suspend strike after talks

Lufthansa pilots suspend strike after talksFrankfurt, Feb 23 - A pilots' union has suspended till March 8 a strike that has badly disrupted Lufthansa flights, telling a labour court Monday it would resume talks with the German airline.

The union, the Cockpit Association, had ordered more than 4,000 pilots off the job from Monday to Thursday in the biggest strike ever to hit the airways in Germany, but has now aborted the strike after only one day.

Lufthansa pilots launch four-day strike

Lufthansa pilots launch four-day strikeFrankfurt, Feb 22 - Pilots went on strike Monday at Lufthansa, knocking out 3,200 flights according to the company's skeleton timetable.

The four-day work stoppage will be the biggest stoppage labour disruption in the German airline's history.

In preparation, Lufthansa was trying to reschedule passengers onto jets flown by non-union staff and offering refunds to passengers who must cancel trips.

There was a rush in recent days to book with other airlines or rebook travel within Europe by rail instead.

Lufthansa for ‘code-share’ deal with JetBlue

JetBlue, Lufthansa Germany's flag carrier and the second-largest airline in Europe, Deutsche Lufthansa AG, has expedited its efforts to create a so-called 'code-share' agreement with JetBlue Airways Corporation and has applied for regulatory approval with the US Department of Transportation, in a bid to strengthen its position at John F. Kennedy International Airport.

A release from JetBlue states, "We're looking to capitalize on our position at JFK, where we're the largest domestic airline."

Lufthansa slumps into loss as economic crisis hits aviation sector

Lufthansa slumps into loss as economic crisis hits aviation sector Frankfurt - German airline Lufthansa AG reported Wednesday a 216 million euro (307 million dollar) net loss during the first half of the year after a sharp fall in revenue.

This loss compared to a 381-million-euro profit during the same period last year with airlines around the world having been badly hit by the economic downturn.

"The persistent economic crisis and its effects on demand, particularly in the premium segment, placed a considerable burden on the result," Lufthansa said in a statement.

Deccan 360 inks alliance with Lufthansa Technik

Deccan 360 inks alliance with Lufthansa Technik Express logistics company Deccan 360, has entered into an agreement with German-based Lufthansa Technik, for maintenance and supply of components for its Airbus A310 freighter aircraft fleet.

Besides this, Deccan 360 has also contracted Lufthansa Technik Services India for complete and end-to-end warehousing requirements, making it the first of its kind in India.  

Through the latest patch up, the company intends to minimize the downtime of its fleet and achieve higher resource and cost efficiencies.  

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