Tag: $Lufthansa

Deutsche Lufthansa has increased investment in a comprehensive modernization of its large air cargo hub in Frankfurt by 100 million euros ($110.5 million) as the new high-bay warehouse rises one year after construction started.

Lufthansa won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) on Wednesday after ceding routes and slots, with the news boosting rival IAG’s shares and hopes for its takeover of Air Europa.

Dec 19 (Reuters) – Lufthansa ordered 80 planes from Boeing and Airbus and agreed future purchasing options for a total value of $9 billion, the German flagship carrier said on Tuesday.

Lufthansa on Thursday surprised the market with a solid outlook for the fourth quarter, with costs falling and bookings strong ahead of the Christmas holiday season, sending its shares up over 6.5% on Thursday.