Lufthansa

    • Lufthansa to slash 22,000 full-time jobs

      Lufthansa to slash 22,000 full-time jobs

      German airline Lufthansa said on Thursday that it would have to cut 22,000 full-time jobs as it forecasts a muted recovery in demand for travel following the coronavirus pandemic, news wires reported. The group will operate about 100 less aircraft after the crisis, leading to "a total of 22,000 fewer full-time positions in the Lufthansa Group, half of them in Germany". The posts make up 16% of the Lufthansa Group's total workforce of 135,000.

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    • Lufthansa vows deep changes as losses rise

      Lufthansa vows deep changes as losses rise

      After posting a first-quarter net loss of €2.1bn, Lufthansa vowed to step up up restructuring measures, news wires reported. “In view of the very slow recovery in demand, we must now take far-reaching restructuring measures,” CEO Carsten Spohr said, adding the group was in talks with labour representatives over cutbacks.

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    • Lufthansa agrees €9bn bailout with German government

      Lufthansa agrees €9bn bailout with German government

      The German government and Lufthansa have agreed on a much-anticipated bailout deal to help the airline cope with losses from the coronavirus pandemic, Germany’s flagship carrier announced on Monday. The €9bn ($9.80bn) stabilisation package has been already approved by Lufthansa's Executive Board, though the bailout still need consent from shareholders as well as the European Commission.

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    • Lufthansa resumes flights to tourist destinations in June

      Lufthansa resumes flights to tourist destinations in June

      Lufthansa announced plans to restart its service across Europe with special focus on tourist destinations. By mid-June the company will start flying to 20 vacation hotspots, including Mallorca, Crete, Rhodes, Faro, Venice, Ibiza and Malaga. All flights are planned to depart from Frankfurt. The airline is expected to announce further destinations by the end of the week.

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    • Lufthansa to get €9bn state rescue aid

      Lufthansa to get €9bn state rescue aid

      Lufthansa is in talks over a €9bn state bailout that would result in Germany taking a 20% stake in the airline, news wires reported. The deal would involve the government taking two seats on its supervisory board, but it would only exercise its full voting rights in exceptional circumstances, such as to protect the firm against a takeover.

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    • Lufthansa hopeful on deal for German state aid

      Lufthansa hopeful on deal for German state aid

      Europe's biggest airline group Lufthansa said it was close to a deal with the German government on state aid to ease the impact of the coronavirus crisis. The group, which warns it is bleeding cash and might have to declare insolvency, had appeared to be stalled in its bid for up to €10 billion ($11 billion) in aid, according to a report in the weekly Der Spiegel.

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