Organisation: Lufthansa

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p>Ryanair exemplifies what can be done in a competitive industry but Ryanair Group profits declined by 46% to €360m during the first three months of its latest financial year. Picture: PA</p>

columnists

John Whelan: The aviation sector soars again but so do airline costs

The big question facing IATA and airlines including Aer Lingus and Ryanair is how to turn the passenger growth into bottom-line profits

<p>Rather than a strike at Aer Lingus, pilots' union Ialpa has opted for a work-to-rule, where pilots will adhere strictly to workplace rules and refuse overtime work, which could result in flights being grounded. Picture: Brian Lawless/PA</p>

news

Aer Lingus flight sales fall ahead of pilots' industrial action

<p>Ryanair said last week demand looked robust for the rest of the summer, but cautioned that higher borrowing costs as interest rates rise may curb spending.</p>

economy

Boom in holiday travel 'shows no sign of ending'

companies

Worst of summer travel chaos is over for German airline, says Lufthansa

companies

Lufthansa becomes latest airline to tap higher ticket prices and profits amid summer chaos

economy

Lufthansa pilots vote to consider strikes to force pay deal

Aer Lingus to face Oireachtas grilling over flight disruption

The airline cancelled several further Ireland-US flights due to Covid-19 spreading among its staff.

Sun, 24 Jul, 2022

Deutsche Lufthansa AG at Frankfurt Airport Ahead of Earnings

Lufthansa surges as travel rebounds with €1,000 London fares

The German airline said it will only offer seats in its most expensive booking class for July

Fri, 15 Jul, 2022

More airlines cancel summer flights and curb ticket sales to ease travel chaos

Air France KLM and Lufthansa cut flight as the dream of pandemic recovery turns into a nightmare for airlines

Fri, 08 Jul, 2022

Airlines flying near-empty ‘ghost flights’ leads to surge in emissions

Ireland must tackle aviation emissions, a leading transport expert has said, as an international report claimed empty flights in the EU led to the equivalent of emissions from 1. 4 million cars.

Fri, 28 Jan, 2022

Airline stocks remain in tailspin despite fundraising efforts

Airline stocks have continued to fall amid fears of a second wave of Covid-19 and despite some big carriers attracting financial backing.

Thu, 25 Jun, 2020

Ireland's five main airports lost 1.5 million passengers due to Covid-19

Figures from the Central Statistics Office (CSO) also show the number of flights to and from Cork, Dublin, Shannon, Kerry and Knock airports fell by more than 6,500 compared to the same period in 2019.

Wed, 17 Jun, 2020

European shares bounce on US Fed stimulus

European shares joined a global rally this morning with sentiment lifted by the launch of the US Federal Reserve's corporate bond buying plan and easing concerns of a second wave of global coronavirus infections.

Tue, 16 Jun, 2020

Airlines facing 'worst year in history' with €75bn in losses

Airlines are expected to lose a combined $84.3bn (€75bn) this year and suffer a 50% fall in revenues in what is being described as the worst year in history for the air travel industry.

Tue, 09 Jun, 2020

Airline shares soar but turbulent profitability ahead, industry body warns

Airline shares – including those of Ryanair and IAG, which owns Aer Lingus – have soared on suggestions of growing consumer appetite for a return to flying, but an industry body has warned that a return to profitability may prove a long haul for many airlines.

Wed, 03 Jun, 2020

Lufthansa bailout hopes in hands of investors as board finally clears €9bn deal

The supervisory board of Lufthansa has approved Germany’s €9bn bailout proposal, paving the way for the airline to receive the lifeline should shareholders accept the deal.

Mon, 01 Jun, 2020

Lufthansa bailout 'in Europe's best interests'

German economy minister Peter Altmaier has said he expects the European Commission to approve a €9bn bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.

Wed, 27 May, 2020

Berlin to take 20% stake in €9bn bailout of Lufthansa as airline struggles amid Covid-19 travel fallout

Germany will offer Lufthansa a €9bn bailout in return for a 20% stake two decades after the airline was privatised with much fanfare.

Mon, 25 May, 2020

EU struggling to co-ordinate re-opening of air travel this summer

The European Commission is grappling with the thorny issue of vouchers for reopening air, ferry and rail travel by recommending governments protect consumers from the risk of travel firms going under during the Covid-19 economic storm.

Wed, 13 May, 2020

Lufthansa to double the number of its planes in the sky

German flagship carrier Lufthansa said it would start flying 80 more of its aircraft again in June, including to serve tourism destinations after the company grounded much of its vast fleet due to the coronavirus pandemic.

Fri, 08 May, 2020

Ryanair takes share price hit as skies continue to darken for airlines

Shares in Ryanair and IAG, which owns Aer Lingus, tumbled on news of up to 4,000 jobs across the two airlines potentially being lost as part of the continued fallout from the Covid-19 disruption.

Fri, 01 May, 2020

12,000 workers set to lose jobs at BA

As many as 12,000 staff at British Airways may be laid off permanently and the recovery from the Covid-19 crisis will take several years, the IAG conglomerate that also owns Aer Lingus has warned.

Wed, 29 Apr, 2020

British Airways debt cut to junk; EasyJet to sell some planes to keep flying through the Covid-19 crisis

Shares in Aer Lingus-and British-Airways-owner IAG were little changed even as British Airways became the first major European carrier to lose its investment grade status amid the Covid-19 pandemic after Fitch cut its credit rating one notch to junk.

Thu, 16 Apr, 2020

Big airlines seek subsidies after Covid-19 crisis

Major airlines are seeking operating subsidies for key routes once coronavirus restrictions are lifted, a leaked lobbying document shows, stoking tensions with some low-cost carriers that are less likely to benefit from the additional funds.

Fri, 10 Apr, 2020

Aer Lingus owner plunges as airlines go into survival mode

Shares in Aer Lingus owner IAG plunged 9% and Ryanair fell more than 1% as the crisis for international airlines, in the wake of the spread of the Covid-19 virus, deepened.

Thu, 19 Mar, 2020

Norwegian Air reels and Aer Lingus-owner IAG shares fall 15% after Trump travel ban on Covid-19

Norwegian Air, which was already financially vulnerable, became the first casualty of Covid-19 as the transatlantic carrier announced a huge programme of short-term flight cancellations and layoffs in response to the ban imposed by US president Donald Trump on visitors to the US from the Schengen area.

Thu, 12 Mar, 2020

European shares dip as Revenue pledges to help firms amid Covid-19 crisis

European stock markets fell again amid investor scepticism that the spending pledges by governments around the world will shield the eurozone and the US from economic damage carried by Covid-19.

Tue, 10 Mar, 2020

IMF to cut global growth outlook over coronavirus

The International Monetary Fund (IMF) is cutting its global growth forecasts over the coronavirus outbreak.

Wed, 04 Mar, 2020

Coronavirus: Ryanair and EasyJet shares tank as travel fears hit

Ryanair and EasyJet shares tanked as the spread of the coronavirus strain into Italy raised the threat of vulnerable economies in Europe taking direct economic hits for the first time.

Mon, 24 Feb, 2020

Coronavirus: ECB takes note as Air France, Maersk and Foxconn count the costs

The ECB’s growing confidence that the eurozone economy was on the mend may suffer a setback as the continent reels from the economic fallout of the coronavirus, a leading economist has said.

Thu, 20 Feb, 2020

Coronavirus: Global oil demand to fall first time in a decade

The world consumption of oil is set for its first fall in a decade, as global investors continue to focus on the coronavirus outbreak and whether or not it will derail the world economy this year.

Mon, 17 Feb, 2020

Coronavirus fears push oil and shares sharply lower

The price of oil slumped and European share prices were hammered yesterday as fears over the spread of the coronavirus quickened.

Thu, 30 Jan, 2020

Shares trade nervously as virus death toll mounts

European shares notched small gains but markets continue to understand the potential fallout of the coronavirus outbreak on global growth.

Wed, 29 Jan, 2020

Stocks hit as tensions escalate in Middle East

European shares slipped from near-record highs after the US airstrike in Iraq that killed a top Iranian commander increased tensions in the Middle East

Sat, 04 Jan, 2020

Ryanair shares fall on fresh 737-Max fears and oil spike

Ryanair shares fell after the airline group’s chief executive said it may only receive its first delivery of the grounded 737-Max aircraft, from Boeing, in October.

Sat, 04 Jan, 2020

Datalex not currently planning legal action against ex-bosses

Datalex has said taking legal action against its former chief executive and chief financial officer, over the accounting scandal which has rocked the travel software firm, is not a priority at present.

Tue, 17 Sep, 2019

EasyJet seen as takeover target in shrinking European airline market

EasyJet could emerge as a surprise takeover target in an expected further wave of consolidation in the European airline sector, Davy Stockbrokers has said.

Mon, 09 Sep, 2019

Corporate watchdog to examine Datalex accounting report

The State's corporate watchdog is to run the rule over a report into accounting irregularities at troubled travel software company Datalex.

Fri, 06 Sep, 2019

US-bound jet forced to return to Shannon with 'low power' engine problem

The crew reported they were experiencing ‘low power’ with the jet’s right engine.

Thu, 22 Aug, 2019

Ryanair shares dip as court allows for UK strikes

Ryanair shares dipped slightly after its success in blocking a 48-hour strike by its Dublin-based pilots was followed by the British High Court giving the green-light for a potentially more damaging UK pilot strike.

Wed, 21 Aug, 2019

Daimler fine adds to German woes

Prosecutors in Stuttgart are set to fine Mercedes-Benz parent Daimler between €800m and €1bn for diesel- related violations, German magazine Der Spiegel has reported.

Sat, 10 Aug, 2019

Low-cost carrier Wizz Air soars out of Budapest, says Fitch in Europe-wide report

Budapest-based Wizz Air will continue to tap the low-cost airline business in eastern Europe, securing an advantage on western European rivals including Ryanair, Fitch Ratings has said in a review of European airlines’ recent earnings.

Tue, 06 Aug, 2019

Air France boost for CEO

Air France-KLM said its operating profit rose 16% in the second quarter as new chief executive Ben Smith’s cost-cutting helped offset rising fuel prices, sending its shares higher.

Thu, 01 Aug, 2019

Lufthansa slams Ryanair fare policy

Lufthansa’s chief exeuctive has slammed as “irresponsible” Ryanair’s move to charge less than €10 for tickets on certain German routes, saying the airline won’t be pushed out of its home market.

Mon, 15 Jul, 2019

Lufthansa slams Ryanair German growth strategy

Lufthansa's chief executive has slammed as "irresponsible" Ryanair's move to charge less than €10 for tickets on certain German routes, saying the airline won't be pushed out of its home market.

Sun, 14 Jul, 2019

Investors slow to get on board new Lufthansa vision

Lufthansa has adjusted its dividend policy and unveiled a revamp of its money-losing Eurowings arm in a bid to soothe investor worries a week after issuing a second profit warning this year.

Tue, 25 Jun, 2019

Lufthansa to cut costs at Eurowings subsidiary

German airline Lufthansa will speed up cost cutting to try to boost productivity at its low-cost Eurowings subsidiary as it battles to defend market share in a competitive European market, chief executive Carsten Spohr has said.

Sat, 22 Jun, 2019

Transatlantic flight with 'abusive' passenger on board diverted to Shannon

The passenger was removed from the aircraft and taken to Shannon garda station for questioning in relation to alleged breaches of the Air Navigation and Transport Act.

Thu, 20 Jun, 2019

Monday's Evening Round-up: Climate plan; Health workers' strike; Mohammed Morsi dies

So that’s nearly Monday wrapped up. Here’s some of the stories we published on irishexaminer.com today which we hope will help you make sense of it all this evening.

Mon, 17 Jun, 2019

Shares in Europe's airline groups plummet on back of profit warning from Lufthansa

Shares in Europe's leading airline groups - including Ryanair and Aer Lingus-owner IAG - plummeted on the back of a profit warning from German carrier Lufthansa.

Mon, 17 Jun, 2019