All Lufthansa Articles – Page 2
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News
Lufthansa Cargo enjoys record third quarter results
Lufthansa Group said Lufthansa Cargo recorded record results in the third quarter of this year as it issued a more positive outlook for the remainder of the year than it had previously predicted.The Frankfurt-based Group made an operating profit of €1.1bn in the third quarter of this year, based largely ...
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News
Lufthansa sticks with Swissport for cargo handling in Iberia
Lufthansa and SWISS have extended their agreement with Swissport for cargo handling at five airports on the Iberian Peninsula: Alicante, Barcelona, Madrid, Malaga and Valencia.Swissport will handle the airline group's air cargo for approximately 19 flights and two road feeder services per day, connecting Lufthansa's Frankfurt and Munich hubs in ...
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News
German government support fund sells remaining Lufthansa stake
Germany’s Economic Stabilisation Fund (ESF) has withdrawn its interest in Lufthansa after the airline’s operations and income were hit by pandemic measures.The German Federal Government-owned Federal Republic of Germany - Finance Agency said the German airline has now been stabilised and ESF has sold its remaining stake.Lufthansa was granted state ...
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News
Lufthansa pilot strike averted after agreement reached
A second strike by Lufthansa pilots was averted at the last minute when the airline and union came to an agreement over future pilot pay.The Vereinigung Cockpit (VC) union on Monday announced a second strike would start today and run for 24 hours for passenger pilots and 48 hours for ...
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News
Lufthansa Cargo pilots set to join tomorrow's strike action
Pilots at Lufthansa and Lufthansa Cargo will take part in a 24-hour strike starting tomorrow as negotiations between unions and the airline over a new pay deal "failed".The Vereinigung Cockpit (VC) union said that the strike would start on September 2 at 00:01hrs and end at 23:59hrs.A Lufthansa Cargo spokesperson ...
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NewsLufthansa Cargo revenues surge despite volume drop
Lufthansa's logistics division saw revenues and operating profits increase again in the second quarter of the year despite a small drop in cargo volume.The division, which includes Lufthansa Cargo, time:matters, Jettainer and the company's share of AeroLogic, saw its second-quarter revenues increase by 45% year on year to €1.3bn, while ...
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News
Lufthansa union promises no more strikes until talks get underway
The union representing Lufthansa's ground workers - including cargo - in Germany has promised there will be no more last-minute strikes at least until pre-planned talks get underway.Lufthansa had to cancel 1,000s of flights this week and cargo operations were also affected after the the ver.di union organised strike action ...
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News
Lufthansa Cargo ground workers called on to take part in strike
Lufthansa Cargo ground workers are tomorrow set to join strike action being called by Germany's ver.di union.The union has called on the 20,000 Lufthansa ground workers it represents to take part in a strike running from 03:45hrs on Wednesday until 06:00hrs on Thursday over pay.Ver.di is currently negotiating for the ...
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News
Lufthansa Cargo reports some easing of Frankfurt bottlenecks
Lufthansa Cargo has reported an easing in the bottlenecks experienced at its Frankfurt hub over recent weeks but will continue to divert some freighters to Munich for the rest of July.The airport, which is the busiest cargo hub in Europe, had asked cargo airlines to reduce flying in order to ...
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News
Kuehne+Nagel's Klaus-Michael Kuehne increases stake in Lufthansa to 15%
Kuehne+Nagel majority owner Klaus-Michael Kuehne has increased his stake in German airline Lufthansa to 15% to become the airline's largest shareholder.In a shareholder notification on its website, Lufthansa said that Kühne's share in the business had increased from 10% to 15.01% on July 5.It was only in April that Kuehne ...
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Insights
Putzger perspective: Alignment headaches
Shipping companies' thirst for end-to-end supply chain solutions has seen their interest and investment in the airfreight industry continue to grow, but airlines would do well to think about what this trend means for the future, writes Ian Putzger.Airline boards have plenty of food for thought these days. Shipping lines’ ...
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News
Lufthansa Group and MSC make joint bid for ITA Airways
German airline Lufthansa has submitted a joint bid with Switzerland-headquartered shipping firm Mediterranean Shipping Co. (MSC) for a stake in Italian airline ITA Airways, according to media reports.Air Cargo News first reported that the MSC Group aimed to work with Lufthansa to acquire a majority stake in ITA in January.In ...
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News
Lufthansa Cargo breaks more records in Q1
Lufthansa's cargo business continued to report record performance in the first quarter of the year as it benefitted from additional capacity and higher rates.The Germany-based airline’s logistics division, which includes Lufthansa Cargo, Jettainer, time:matters and its investment in AeroLogic, saw first quarter revenues reach a record for the period of ...
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News
Kuehne ups his stake in Lufthansa
Kuehne+Nagel majority owner Klaus-Michael Kuehne has doubled his stake in German airline Lufthansa to 10%.In a stock exchange note, the airline revealed that German national Kuehne's KA Logistik Beteiligungen made the investment on April 8.He is now the second largest shareholder in the airline behind the German state, which owns ...
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InsightsLufthansa Cargo flies high
Lufthansa Cargo’s fleet investments are paying off with robust revenues but efforts to create and maintain capacity continue.The German cargo airline saw 2021 revenues increase by 38% year on year to €3.8bn and earnings before interest and tax rise by 109% on a year earlier to reach almost €1.5bn, said ...
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NewsMixed outcome for airlines in battle against air cargo cartel fines
Source: ShutterstockThere was mixed outcome for airlines in their battle against air cargo cartel fines issued by the European Commission.On March 30, the European Union (EU) General Court dismissed the actions brought by Martinair Holland, KLM, Cargolux Airlines, Air France-KLM, Air France, Lufthansa, Singapore Airlines and Singapore Airlines Cargo and ...
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NewsPilots at Aerologic approve industrial action
Photo: AerologicPilots at German cargo airline AeroLogic have voted in favour of potential industrial action but the move is not currently expected to impact air cargo operations.Trade union Vereinigung Cockpit (VC) said that the cockpit employees of AeroLogic, a joint venture between Deutsche Post DHL Group and Lufthansa, have voted ...
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News
Italian government kicks off ITA sale
The Italian government has begun the process of finding a partner for Italian state airline ITA Airways after container shipping company Mediterranean Shipping Co. (MSC) and German airline Lufthansa expressed their interest last month.In the first stage of this process, the government will retain a minority stake in ITA Airways, ...
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News
Lufthansa Cargo's Frankfurt operation hit by Omicron
Lufthansa Cargo's handling operation at its Frankfurt hub has been "significantly" affected by Omicron infections amongst staff.The carrier told Air Cargo News that transit shipment from the US, Canada and Europe, including Germany will be affected by a transit embargo as it looks to stabilise operations at Frankfurt."Loose freight via ...
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News
MSC and Lufthansa eye ITA Airways
Container shipping giant Mediterranean Shipping Co. (MSC) is interested in acquiring a majority stake in Italian state airline ITA Airways.The MSC Group aims to create a partnership with the Italian Government and the German airline Lufthansa.Both the MSC Group and Lufthansa have expressed the wish that the Italian Government maintains ...
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