Showing results for "Lufthansa"
business
Lufthansa, Air France Seek Savings After Disruptions Hurt ProfitDeutsche Lufthansa AG and Air France-KLM are embarking on a cost-cutting drive after the European airlines suffered higher first-quarter losses in the wake of strike disruptions and restrained bookings caused by tensions in the Middle East.April 30, 2024
markets
Air France-KLM Looks to Cut Costs as First Quarter Loss WidensAir France-KLM will freeze the hiring for support staff as part of a cost-cutting drive after reporting a wider first-quarter operating loss amid higher expenses, the conflict in the Middle East and lower cargo unit revenue.April 30, 2024
business
Elliott Arrives at Anglo American to Add a Takeover TwistHi, it’s Fareed Sahloul in New York, looking at the timely arrival of activist investor Elliott at Anglo American. Also today, Europe sees its best public market debut in years and there’s a stake in the San Francisco Giants up for grabs.April 26, 2024
markets
Lufthansa Slated to Boost EU Offer to Save €325 Million ITA DealDeutsche Lufthansa AG is expected to submit a fresh round of concessions to European Union regulators over its planned €325 million ($348 million) investment in Italian carrier ITA Airways after an earlier offer failed to allay competition concerns.April 25, 2024
industries
Iran-Israel Conflict Forces Airlines to Choose Longer RoutesIran’s first direct attack on Israel over the weekend has complicated flights in one of the most densely traversed regions of the world, forcing airlines to choose lengthy detours from cities like London and Paris to destinations in the Persian Gulf or India.April 15, 2024