Articles tagged with '' & 'Finance' | Deutsche Lufthansa AG

Deutsche Lufthansa AG - Archive (,Finance)

2024
15
April
2024
| 15:51 Europe/Amsterdam
On a preliminary basis, the Lufthansa Group recorded an Adjusted EBIT loss of EUR 849 million in the first quarter of 2024 (previous year: loss of EUR 273 million). The loss was higher than expected due to various strikes, both by different employee
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11
April
2024
| 09:40 Europe/Amsterdam
Term of at least three years provides planning security for employees, companies, and passengers − Key points: substantial wage increases over the next three years, inflation compensation and holiday pay supplement for Lufthansa Airlines cabin crew
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02
April
2024
| 14:28 Europe/Amsterdam
First Lufthansa Group-wide entry-level program focusing on part-time job seekers with professional experience - Application phase starts on 2 April 2024 - Program starts in November 2024
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28
March
2024
| 17:09 Europe/Amsterdam
Successful arbitration: new collective agreement for ground staff, including substantial wage increase, inflation compensation, holiday pay supplement, package for trainees 
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07
March
2024
| 07:00 Europe/Amsterdam
Third-best financial result in the history of the Lufthansa Group − Revenue increases by 15 percent to 35.4 billion euros − Passenger numbers increase significantly by 20 percent to over 120 million passengers − Booking momentum
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06
March
2024
| 16:34 Europe/Amsterdam
At its meeting today, the Supervisory Board of Deutsche Lufthansa AG decided to recommend to the Annual General Meeting, which will take place on 7 May 2024 that Ms Sara Hennicken, Chief Financial Officer of Fresenius Management SE, be elected to
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05
March
2024
| 11:00 Europe/Amsterdam
Oliver Buchhofer Chief Operating Officer (COO) of Swiss International Air Lines from May 1 - Dennis Weber Chief Financial Officer (CFO) of Swiss International Air Lines from May 1 - Marc-Dominic Nettesheim Head of Investor Relations Lufthansa Group
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22
February
2024
| 19:44 Europe/Amsterdam
Responsibilities reassigned - Board size reduced from six to five members - Current members Christina Foerster, Harry Hohmeister, Detlef Kayser to leave on June 30, 2024, Remco Steenbergen to leave on May 7, 2024 - Grazia Vittadini and Dieter
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22
January
2024
| 13:30 Europe/Amsterdam
Upgrade by Moody’s and Standard and Poor’s, and first-ever rating by Fitch - Only European airline group to receive investment grade from all three major rating agencies - Remco Steenbergen: “Investment grade ratings support us to invest in
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15
January
2024
| 15:00 Europe/Amsterdam
Most wanted are employees for cockpit and cabin, IT, and technicians - More than 13,000 new employees already hired in 2023
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2023
15
December
2023
| 11:45 Europe/Amsterdam
The Lufthansa Group has entered into an agreement for a sale and leaseback of twelve short-haul aircraft. The transaction reflects the Group’s strategy to finance investments in new aircraft through a mix of cash, Japanese Operating Leases (JOLCOs)
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12
December
2023
| 10:00 Europe/Amsterdam
Heike Birlenbach to become Chief Commercial Officer (CCO) at SWISS from January 1, 2024 - Tamur Goudarzi Pour takes over Customer Experience for the Lufthansa Group and a new taskforce to increase product quality and customer satisfaction as of
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02
November
2023
| 07:00 Europe/Amsterdam
Passenger airlines carried 38 million travelers between July and September −  All Group airlines report double-digit third-quarter Adjusted EBIT margins −  Fourth-quarter booking volumes show double-digit percentage growth − 
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10
August
2023
| 15:31 Europe/Amsterdam
‘VTV’ collective remuneration agreement and ‘MTV’ collective terms-of-employment agreement accepted for pilots of Lufthansa Airline and Lufthansa CargoIncrease of at least 18 percent in basic remuneration in the next three-and-a-half years plus
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03
August
2023
| 06:25 Europe/Amsterdam
Continued strong demand for air travel and high yieldsAdjusted EBIT in the second quarter at a record 1.1 billion eurosHighest second quarter result ever for SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Lufthansa TechnikThree M&A
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21
June
2023
| 06:35 Europe/Amsterdam
The Lufthansa Group has signed an agreement with SEB Kort Bank AB of Stockholm, Sweden, for the sale of Lufthansa AirPlus Servicekarten GmbH. The purchase price amounts to around 450 million euros.Remco Steenbergen, Chief Financial Officer of
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25
May
2023
| 14:48 Europe/Amsterdam
Italian Ministry of Economy and Finance and Deutsche Lufthansa AG agree on a minority stake in ITA AirwaysDeutsche Lufthansa AG will acquire 41 percent stake in ITA Airways through a capital increase of EUR 325m – with the option to acquire all
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09
May
2023
| 18:10 Europe/Amsterdam
Around 3,000 shareholders attended the Annual General Meeting onlineBroad majority on all agenda items
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09
May
2023
| 11:48 Europe/Amsterdam
Around 250 questions have been submitted by shareholders ahead of meeting 41,804 shareholders have registered
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03
May
2023
| 06:11 Europe/Amsterdam
Group revenue increased by 40 percent to 7.0 billion eurosNumber of passengers increased significantly to 22 millionAverage yield 19 percent above 2019 levelAdjusted EBIT at -273 million euros, 53 percent improvement on previous yearOutlook for full
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01
May
2023
| 16:40 Europe/Amsterdam
Annual General Meeting on May 9th at 12:00 pm
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03
March
2023
| 06:15 Europe/Amsterdam
Revenue almost doubled to 33 billion eurosRecord results at Lufthansa Cargo and Lufthansa TechnikHighest Adjusted free cash flow in company historyBooking momentum remains strong at high average yieldsPassenger numbers more than doubled: Over 100
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02
March
2023
| 15:13 Europe/Amsterdam
At its meeting today, the Supervisory Board of Deutsche Lufthansa AG decided to recommend to the Annual General Meeting, which will take place on May 9, 2023, the election to the Supervisory Board of Dr. Karl-Ludwig Kley, Acting Chairman of the
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02
March
2023
| 11:54 Europe/Amsterdam
Orders placed for ten Airbus A350-1000s, five Airbus A350-900s and seven Boeing 787-9sFleet modernization further accelerated / substantial contribution to achieving 2030 carbon emission goalsLufthansa Group and Airbus strengthen cooperation on
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02
March
2023
| 10:07 Europe/Amsterdam
Chairman of the Executive Board and Chief Financial Officer appointed for five more years
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18
January
2023
| 14:43 Europe/Amsterdam
Deutsche Lufthansa AG is aiming to acquire a stake in the Italian national carrier ITA Airways (Italia Trasporto Aereo S.p.A.). The plan is to agree on the initial acquisition of a minority stake as well as on options to purchase the remaining
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2022
13
December
2022
| 09:51 Europe/Amsterdam
Lufthansa Group continues to see strong demand for air travel. Average yields in the passenger business remain well above pre-crisis level. Lufthansa Cargo and Lufthansa Technik are expected to achieve record results in the current financial
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17
October
2022
| 16:52 Europe/Amsterdam
On a preliminary basis, Lufthansa Group almost doubled revenue year-on-year to 10.1 billion euros in the third quarter of 2022 (previous year: 5.2 billion euros). Adjusted EBIT[1] amounted to around 1.1 billion euros (previous year: 251 million
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14
September
2022
| 10:11 Europe/Amsterdam
Economic Stabilization Fund sells remaining shares and ends stabilization with a surplusLufthansa fully back in private hands
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06
September
2022
| 11:14 Europe/Amsterdam
New negotiation date for this morning agreed at short noticeDue to strike call by Vereinigung Cockpit (VC_ for Wednesday and Thursday, Lufthansa crisis management team must make decision on flight cancellations today at 12:00 p.m. CETVC will today
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