Quantcast
Rytis Beresnevicius

Lufthansa shuts Germanwings off; fleet reduced by 100 aircraft

Despite various governments providing hefty sums to Lufthansa and its subsidiaries, the airline group has started a restructuring program that will see one of its subsidiaries closed and fleet significantly reduced....


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....


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

SWISS begins repatriating A320 fleet from 10 km (6 mi) away

Swiss International Air Lines, like many carriers around the world, had to get creative as it looked for space where to park its aircraft. It got very creative when the airline stored some of its A320 family aircraft 10 kilometers (6.2 miles) from its main hub, Zurich Airport (ZRH)....


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

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....