Articles tagged with 'Finance' | Deutsche Lufthansa AG

Around 1,500 shareholders attended the Annual General Meeting online - Broad majority on all agenda items

Up to 40.000 shareholders have registered for the Annual General Meeting - Shareholders shall participate in the success of the 2023 financial year with a dividend of EUR 0.30 per share.

Present CFO of the Amadeus IT Group to assume his duties on September 15, 2024

Group revenue increases by 5 percent to 7.4 billion euros in the first quarter − Number of passengers rises to 24 million in the first quarter − Adjusted EBIT in the first quarter at -849 million euros − Strikes impact earnings by …

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 …

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 …

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

Successful arbitration: new collective agreement for ground staff, including substantial wage increase, inflation compensation, holiday pay supplement, package for trainees 

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 …

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 …

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 …

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 …

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 …

Most wanted are employees for cockpit and cabin, IT, and technicians - More than 13,000 new employees already hired in 2023

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) …

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 …

Changed market development for engines opens up new prospects - Growth without external investor - Lufthansa Technik expects second record year in a row in 2023 - Lufthansa Technik develops new First Class for Lufthansa 747-8 - Dr. Detlef Kayser: …

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 −  …

Transaction completed on 31 October - European business activities of LSG Group already sold in 2019 - Remco Steenbergen: “Thank you to everyone at LSG Group”

‘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 …

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 …

Europe's leading loyalty programme for people on the move remains on growth track with new partnershipDeutsche Bank AG and Mastercard successfully compete for credit card portfolio in GermanyThe switch will take place in mid-2025

Dr. Christian Leifeld to take over Corporate Controlling and Risk Management Lufthansa Group

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 …

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 …

Around 3,000 shareholders attended the Annual General Meeting onlineBroad majority on all agenda items

Around 250 questions have been submitted by shareholders ahead of meeting 41,804 shareholders have registered

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 …

Annual General Meeting on May 9th at 12:00 pm

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 …