lufthansa
German aviation giant Lufthansa Group has slashed its financial forecast for the year following a disappointing performance in the second quarter. The firm - which encompasses Germany's flagship Lufthansa Airlines and a number of subsidiaries - said on Friday that its bottom line fell on the back of lower ticket revenues, especially for travel to Asia. In the second quarter, Lufthansa Airlines made a profit of only €213 million ($232 million), down from €515 million in the same period last year, the company announced in Frankfurt. The group now has a loss of €427 million on its books for the f...
DPA International
German aviation giant Lufthansa Group has slashed its financial forecast for the year following a disappointing performance in the second quarter. The firm - which encompasses Germany's flagship Lufthansa Airlines and a number of subsidiaries - said on Friday that its bottom line fell on the back of lower ticket revenues, especially for travel to Asia. In the second quarter, Lufthansa Airlines made a profit of only €213 million ($232 million), down from €515 million in the same period last year, the company announced in Frankfurt. The group now has a loss of €427 million on its books for the f...
DPA Breaking News
German aviation giant Lufthansa Group has slashed its financial forecast for the year following a disappointing performance in the second quarter. The firm - which encompasses Germany's flagship Lufthansa Airlines and a number of subsidiaries - said on Friday that its bottom line fell on the back of lower ticket revenues, especially for travel to Asia. In the second quarter, Lufthansa Airlines made a profit of only €213 million ($232 million), down from €515 million in the same period last year, the company announced in Frankfurt. The group now has a loss of €427 million on its books for the f...
DPA
German aviation giant Lufthansa Group has slashed its financial forecast for the year following a disappointing performance in the second quarter. The firm - which encompasses Germany's flagship Lufthansa Airlines and a number of subsidiaries - said in a press release on Friday that its bottom line fell on the back of lower ticket revenues, especially for travel to Asia. In the second quarter, Lufthansa Airlines made a profit of only €213 million ($232 million), down from €515 million in the same period last year, the company announced in Frankfurt. The airline now has a loss of €427 million o...
DPA Breaking News
German aviation giant Lufthansa Group has slashed its financial forecast for the year following a disappointing performance in the second quarter. The firm - which encompasses Germany's flagship Lufthansa Airlines and a number of subsidiaries - said in a press release on Friday that its bottom line fell on the back of lower ticket revenues, especially for travel to Asia. In the second quarter, Lufthansa Airlines made a profit of only €213 million ($232 million), down from €515 million in the same period last year, the company announced in Frankfurt. The airline now has a loss of €427 million o...
DPA International
German aviation giant Lufthansa Group has slashed its financial forecast for the year following a disappointing performance in the second quarter. The firm - which encompasses Germany's flagship Lufthansa Airlines and a number of subsidiaries - said in a press release on Friday that its bottom line fell on the back of lower ticket revenues, especially for travel to Asia. In the second quarter, Lufthansa Airlines made a profit of only €213 million ($232 million), down from €515 million in the same period last year, the company announced in Frankfurt. The airline now has a loss of €427 million o...
DPA
The European Commission launched an investigation on Monday to find out if German government state aid for Lufthansa during the Covid-19 pandemic breached EU rules. The investigation comes after a judgement from the EU General Court in May 2023 to annul the state aid awarded to the German airline worth €6 billion ($6.5 billion). In June 2020, the German government granted state aid to Lufthansa worth billions when usually strict subsidy rules were loosened to help support governments impacted by the Covid-19 pandemic. Travel restrictions during Covid-19 brought Lufthansa's business to a virtua...
DPA Breaking News
The European Commission launched an investigation on Monday to find out if German government state aid for Lufthansa during the Covid-19 pandemic breached EU rules. The investigation comes after a judgement from the EU General Court in May 2023 to annul the state aid awarded to the German airline worth €6 billion ($6.5 billion). In June 2020, the German government granted state aid to Lufthansa worth billions when usually strict subsidy rules were loosened to help support governments impacted by the Covid-19 pandemic. Travel restrictions during Covid-19 brought Lufthansa's business to a virtua...
DPA International
The European Commission launched an investigation on Monday to find out if German government state aid for Lufthansa during the Covid-19 pandemic breached EU rules. The investigation comes after a judgement from the EU General Court in May 2023 to annul the state aid awarded to the German airline worth €6 billion ($6.5 billion). In June 2020, the German government granted state aid to Lufthansa worth billions when usually strict subsidy rules were loosened to help support governments impacted by the Covid-19 pandemic. Travel restrictions during Covid-19 brought Lufthansa's business to a virtua...
DPA
The European Commission launched an investigation on Monday to find out if German government state aid for Lufthansa during the Covid-19 pandemic breached EU rules. The investigation comes after a decision from the EU General Court in May 2023 to annul the state aid awarded to the German airline. The top competition regulator in the European Union is now assessing whether Lufthansa was eligible for the German state subsidies and the condition of market competition at airports in Germany and Austria. The German government granted state aid to Lufthansa worth billions of euros in June 2020 when ...
DPA Breaking News
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