Tag: $Lufthansa

Lufthansa will cut 4,000 administrative jobs by 2030 and set higher profitability targets, the German airline group said on Monday, as it seeks to boost efficiency through digitalisation and automation.

German airline group Lufthansa  reported a fall in third-quarter operating profit on Tuesday as its flagship brand struggles with low yields, competition with international airlines and spiralling costs.

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.