Air Berlin broke but still flies

August 16, 2017 by  
Filed under Aviation, EUROPE, News

BERLIN, 16 August 2017: Germany’s struggling budget airline Air Berlin on Tuesday said it had filed for insolvency proceedings after its main shareholder Etihad Airways said it “would not provide any further financial support”.

The German government was providing a bridging loan to keep flights going, it added in a statement.

In a separate statement German rival, Lufthansa, said it was in talks with Air Berlin to take over parts of the group. Read more

Lufthansa profits zoom

August 3, 2017 by  
Filed under Aviation, EUROPE, News

FRANKFURT, 3 August 2017: German airline group Lufthansa reported zooming profits in the second quarter Wednesday, as increased passenger demand and lower fuel costs lent tailwinds to its business.

Net profit between April and June stood at 740 million euros (USD875 million), up 69.3% from its level in 2016’s second quarter.

Operating, or underlying profit reached 1.0 billion euros, on the back of 9.3 billion euros in revenue. Read more

Lufthansa fares save 35% to Europe

July 12, 2017 by  
Filed under Travel Deals

BANGKOK, 12 July 2017: Lufthansa launches “Premium Economy Summer Promotion” for travel to six destinations in Europe, from this September to the end of June next year.

Bookings must be made by 19 July. Outbound flights must be made between 1 September, this year, and 31 March, 2018. Return period is 7 September, this year, to 30 June 2018.

The promotion sets a roundtrip fare, inclusive of taxes, fees and surcharges, ex-Bangkok, at THB41,000 to six destinations in Europe. Read more

Lufthansa names Molnar GM Thailand

June 26, 2017 by  
Filed under Aviation, News, People

BANGKOK, 26 June 2017: Lufthansa Group has appointed Stefan Molnar as the new general manager sales in Thailand.

He will lead efforts to improve passenger airlines sales in Thailand, Vietnam and the Mekong region.

Lufthansa will be the first European carrier to fly the A380 to Bangkok when the service starts this October. Read more

Ghost trains serve Berlin airport

June 7, 2017 by  
Filed under Aviation, EUROPE, News

BERLIN, 7 June 2017: Lufthansa had its planes ready and German Chancellor Angela Merkel was lined up for the ribbon-cutting ceremony — all was in place for the opening of Berlin’s state-of-the-art airport 3 June, 2012.

Except the airport itself.

Five years on, BER airport remains unfinished, shuttered and a byword for fiasco in a country usually better known for its engineering prowess and obsession with punctuality. Read more

Lufthansa deploys A380 on Bangkok run

March 22, 2017 by  
Filed under Aviation, News, Thailand

BANGKOK, 22 March 2017: Lufthansa will increase passenger capacity on it Frankfurt- Bangkok route when it introduces the Airbus A380 effective 29 October.

The switch from a Boeing 747-400 to the Airbus A380 will increase seat capacity by 35% across four class cabins; first, business, premium economy, and economy.

Thailand continues to be a strong leisure destination for Lufthansa especially during the winter schedule, October through to March. Read more

Lufthansa cautious despite profit

March 17, 2017 by  
Filed under Aviation, EUROPE, News

FRANKFURT, 17 March 2017: German airline group Lufthansa said, Thursday, it had met its financial targets in 2016, but offered only modest forecasts for the current year, squeezed between falling prices and higher costs.

The Frankfurt-based firm reported net profit of 1.78 billion euros (USD1.9 billion) for last year in a statement, a 4.6% increase on 2015’s figure and in line with its own and analysts’ expectations.

“In a very demanding market environment, we successfully kept the Lufthansa Group’s margins at their record prior-year levels,” chief executive Carsten Spohr commented. Read more

Lufthansa bid to end dispute fails

November 28, 2016 by  
Filed under Aviation, EUROPE, News

BERLIN, 28 November 2016: Germany’s flagship carrier Lufthansa on Friday offered pilots a new wage deal to end a crippling three-day strike that has led to mass flight cancellations affecting over 300,000 passengers.

However the pilots’ union Cockpit swiftly rejected the new offer.

The airline said it had been forced to cancel more than 2,700 flights since the start of the walkout, which was called by the pilots’ union and is set to last through Saturday. Read more

Lufthansa faces more strikes

November 15, 2016 by  
Filed under EUROPE, News

FRANKFURT, 15 November 2016: German pilots’ union Vereinigung Cockpit, on Monday, called for a new strike against airline Lufthansa as a long-smouldering dispute over pay reignited.

“Expect industrial action at Lufthansa and Lufthansa Cargo,” the group said in a statement, adding that it would give 24 hours’ notice of the extent and duration of any strike.

Cockpit demands a pay rise of an average of 3.66% per year, retroactive for the past five years. Read more

Lufthansa’s profit almost double

November 3, 2016 by  
Filed under Aviation, EUROPE, News

BERLIN, 3 November 2016: German airline Lufthansa said Wednesday that its net profits had almost doubled in the third quarter, boosted by a pensions deal with cabin staff.

Net profits soared to 1.42 billion euros (USD1.5 billion) between July and September. Last month, Lufthansa raised its profit forecast for the year, after recording better than expected demand from business travellers in September.

More than 700 million euros of provisions the group had set aside flowed into its results this quarter after it reached a deal to move from defined-benefit to defined-contribution pensions for cabin crew. Read more

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