Articles tagged with 'Finance' | Deutsche Lufthansa AG

‘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 impro...

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 transa...

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 Deutsch...

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 remai...

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 mil...

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 Super...

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 susta...

Chairman of the Executive Board and Chief Financial Officer appointed for five more years

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 shares...

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 year.Ear...

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 euros...

Economic Stabilization Fund sells remaining shares and ends stabilization with a surplusLufthansa fully back in private hands

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 pr...

Strong increase in average yields and successful cargo segment drive positive quarterly resultBoom in demand for airline tickets continuesLoad factors in premium classes above 2019 levels – recovery of business travel continuesGroup will be hiring ar...

The Lufthansa Group significantly increased its revenue in the second quarter of 2022 and generated an operating profit.

SWISS has terminated its bank loan facility guaranteed by the Swiss Confederation before the end of the term. The Lufthansa Group will meet its future financing needs via the capital markets. SWISS has never utilized more than half of the total amoun...

Around 2,300 shareholders attended the Annual General Meeting onlineBroad majority on all agenda items

Around 400 questions have been submitted by shareholders ahead of meeting46,132 shareholders have registered

Seven Boeing 787-9s will compensate for delayed 777-9 deliveriesDelivery schedule of 787-9s already ordered accelerated for the same reasonSeven Boeing 777-8Fs from 2027Additional Boeing 777F freighters to take advantage of near-term market opportuni...

Demand increases significantly in the first quarterLufthansa Cargo again with a record resultSignificantly positive Adjusted free cash flow driven by strong bookingsFinancial outlook confirmed despite uncertain fuel cost outlookGroup plans to termina...

Virtual Annual General Meeting on 10 May at 10:00 a.m.

First Revolving Credit Facility of Lufthansa GroupUnsecured facility without financial covenantsFacility further bolsters liquidity and increases the efficiency of Lufthansa Group’s balance sheet

Summer capacity on short and medium haul routes almost back to 2019 levelBookings for Easter and summer partially above pre-crisis levelsAdjusted EBIT before restructuring expenses at -1.8 billion euros (previous year: -5.2 billion euros)Lufthansa Ca...

At its meeting today, the Supervisory Board of Deutsche Lufthansa AG decided to extend the contracts with Christina Foerster and Michael Niggemann ahead of schedule by five years each until December 31, 2027.The Chairman of the Supervisory Board of D...

In 2022, Deutsche Lufthansa AG will again invite shareholders to a virtual Annual General Meeting. In light of the pandemic development, the company is thereby acknowledging the continued necessity of protection against infection.The 69th Annual Gene...

Silent Participation II of the Economic Stabilization Fund repaidUndrawn funds cancelledSilent Participation I already repaid in OctoberLufthansa thanks German government, customers, employees and shareholder for their support...