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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....


Rytis Beresnevicius
Caving in: Lufthansa gives up slots to receive state aid package

The seemingly never-ending saga of Lufthansa's state aid might be finally coming to an end: both the executive and supervisory board approved the adjusted European Commission measures in order for the group to receive the $9.8 billion package....


Rytis Beresnevicius
European pilots plea for EC to accept Lufthansa state aid deal

While the supervisory board of Lufthansa rejected the strings attached by the European Commission regarding the state aid deal, the pilots of various European pilot associations have pleaded to the European Commission to approve the deal without any strings....


Rytis Beresnevicius
$9.8 billion for 20% stake: Lufthansa agrees state aid deal

While at first Lufthansa was very reluctant to take up state aid to weather the coronavirus pandemic, the stance has changed over time. Now, a deal with the German government was reportedly finally reached....


Rytis Beresnevicius
Spohr: we want to hold Lufthansa Group together

Lufthansa held its annual shareholder's meeting, where the airline group highlighted its current situation and its future plans, including the negotiations with the state regarding support for the airline group....


Rytis Beresnevicius
Lufthansa to choose insolvency instead of state aid?

Lufthansa, seemingly, has a very difficult decision on its hands: as the group navigates an unprecedented crisis, it weighs whether to accept state aid with strings attached or enter insolvency procedures, similar to Chapter 11 in the United States....


Clement Charpentreau
Coronavirus: Austrian Airlines to retire Airbus A319 fleet

Austrian Airlines will sell 20 of its 80 aircraft by 2022, reducing its fleet by 25%, to alleviate the weight of the air transport crisis linked to the coronavirus pandemic....


Rytis Beresnevicius
Lufthansa to retire A340, A380 and Boeing 747 due COVID-19

Airlines, seemingly, are preparing for the worst in the medium-term: with demand for travel at an all-time low, carriers are retiring their gas-guzzling four-engine aircraft. Lufthansa is the latest airline to do so....


Rytis Beresnevicius
Coronavirus puts further pressure on falling Lufthansa profits

With already a subpar 2019 for Lufthansa, the airline group is facing another tough challenge with the outbreak of coronavirus, as profits are expected to fall further....


Rytis Beresnevicius
Battle of Vienna 2019: Low-cost carriers versus Austrian Airlines

Austrian Airlines CEO has hit out directly at Ryanair's own Michael O'Leary, stating that the low-cost carrier won't overtake the Austrian airline in Vienna. But how does the situation look currently and were Hoensbroech's comments justified?...