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Kristina Kirkliauskaite
Reopening of Europe: on what scale airlines resume service?

Although the level of operating flights is only expected to get back to normal in 2023 at the earliest, airlines in Europe are slowly reinstating their schedules from the middle of June 2020. The continent’s biggest carriers such as Ryanair, Wizzair, Lufthansa, British Airways, Air France, and KLM have begun to operate a small number of regular scheduled flights, applying different safety policies onboard. In this article, take an overview...


Rytis Beresnevicius
Ryanair: Lufthansa state aid breach European competition rules

Ryanair, which has been highly critical of the state aid package that Lufthansa is set to receive, threatens to go to court if the European Commission does not reverse its decision to approve the capital injection into Lufthansa....


Rytis Beresnevicius
Lufthansa secures $9.8 billion state aid for “successful future”

After much drama and no glamour, Lufthansa finally cleared the last hurdle before it can receive its state aid package, the company's shareholders....


Clement Charpentreau
Berlin fails to convince main shareholder as Lufthansa leaves DAX

The aviation giant Lufthansa officially left the DAX index which regroups the biggest German companies on June 22, 2020. Meanwhile, the German government attempted to convince the reluctant main shareholder of Lufthansa to approve the €9 billion rescue plan that would see the airline partly nationalized. The meeting, however, proved fruitless....


Rytis Beresnevicius
Lufthansa to enter insolvency amidst shareholder revolt?

Despite the approval of the supervisory and executive boards regarding the state aid package, Lufthansa, seemingly might fail to clear its last hurdle: its shareholders. The airline group has warned that if shareholders do not grant approval for the stabilization package, it might enter insolvency proceedings....


Rytis Beresnevicius
Lufthansa settles on 22,000 full-time job cuts

Lufthansa, after meeting its unions last week, has concluded that it has a surplus of 22,000 employees at the group. The airline now hopes to conclude negotiations with unions by June 22....


Rytis Beresnevicius
Lufthansa has 26,000 employees too many; pilots cut wages by 45%

Despite the fact that Lufthansa secured a $9.8 billion rescue package from the state, the airline aims to cut as many as 26,000 jobs from its group airlines, indicated one of its unions....


Rytis Beresnevicius
Austrian government puts foot down on low-cost tickets

The Austrian government seemingly had enough with low-cost carriers and the environmental consequences of cheap travel, as newly imposed pricing policies and taxes would, essentially, impose a minimum price of flight tickets going forward....


Rytis Beresnevicius
Cost of the crisis? Lufthansa burning $896 million per month

Despite its best efforts to reduce costs, Lufthansa is still on a pretty impressive cash-burning campaign, as it announced its latest results for Q1 2020....


Clement Charpentreau
Ryanair gives ultimatum to French pilots: 20% wage cut or layoff

Expecting losses in the second quarter of 2020, Ryanair plans to cut wages by 20% among pilots and 10% among flight attendants and stewards. The French unions have five days to answer, after which a number of positions judged redundant will be cut....