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....
After much drama and no glamour, Lufthansa finally cleared the last hurdle before it can receive its state aid package, the company's shareholders....
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....
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)....
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....
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....
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....
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....
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....
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....
Login_crop.jpg "Lufthansa tailfin at Lufthansa headquarters in at Frankfurt Airport (FRA)")
