Lufthansa has terminated a long-term collective bargaining agreement with its pilot union Vereinigung Cockpit (VC) in a move that could set the stage for another lengthy dispute following several years of relative peace.
The Lufthansa Group has proactively acquired $250 million worth of sustainable aviation fuel (SAF), but CEO Carsten Spohr said many more technology, infrastructure and compensation solutions are needed to achieve a carbon-neutral balance by 2050.
Germany has committed to sell its 14% stake in Lufthansa Group by 2023, after the company repaid its borrowings from the Economic Stabilization Fund ahead of schedule.
Lufthansa CEO Carsten Spohr is concerned about the number of new aircraft coming into the market in the coming years, mainly based on the production rates envisioned by Airbus.
Austrian Airlines, Swiss International Air Lines (SWISS) and Brussels Airlines have reported their first positive financial signs since the global pandemic took hold.
Lufthansa and easyJet won backing from a European court over deals they undertook to buy Air Berlin assets, after the court dismissed two cases made by Polish airline LOT.
Lufthansa CEO Carsten Spohr tried his best to convince investors of the plan for a €2.1 billion ($2.5 billion) capital increase the airline published Sept. 20.
Munich-Dubai was a regular fixture of Lufthansa’s network from 2003 to 2016, but the Star Alliance member suspended the route shortly after Emirates increased its frequencies to 3X-daily.
The decision to reactivate the four-engine widebodies, that were being phased out from its fleet, follows Lufthansa witnessing growing demand for first-class services.