Latest news with #DeutscheLufthansaAG
Reuters
06-05-2025
- Business
- Reuters
Lufthansa chairman announces departure, search for successor on track
Lufthansa planes stand parked at Frankfurt airport in Frankfurt, Germany, March 7, 2024. REUTERS/ Kai Pfaffenbach/File Photo Purchase Licensing Rights , opens new tab Item 1 of 2 Lufthansa planes stand parked at Frankfurt airport in Frankfurt, Germany, March 7, 2024. REUTERS/ Kai Pfaffenbach/File Photo Companies Deutsche Lufthansa AG Follow FRANKFURT, May 6 (Reuters) - Lufthansa ( , opens new tab Chairman Karl-Ludwig Kley will not run again as head of the German airline group's supervisory board, he told an annual investors' meeting on Tuesday, adding that the search for a successor in 2026 was on track. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Reporting by Ilona Wissenbach, Writing by Rachel More Editing by Ludwig Burger Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Bloomberg
29-04-2025
- Business
- Bloomberg
Lufthansa Says Earnings Visibility Limited Due to Trade Conflict
Deutsche Lufthansa AG cautioned that it has only limited visibility into the latter part of the year as trade tensions and changing consumer behavior throw the global economy into disarray. Europe's biggest airline group said macroeconomic uncertainty, particularly the US-Europe trade conflict, is clouding forecasts for the key summer season. Lufthansa has set up a task force to monitor demand and adjust capacity if needed. Among possible positive factors are lower fuel prices, which could act as a cushion against any weakness, the company said.
Bloomberg
01-04-2025
- Business
- Bloomberg
Lufthansa Moves A350s to Frankfurt to Offset Delivery Delays
Deutsche Lufthansa AG is temporarily deploying six Airbus SE A350-900 jets on Frankfurt routes to cover aircraft delivery delays involving more than a dozen Boeing Co. widebodies that would normally fly from its main hub. Four A350-900s will be prepared to Seoul and Shanghai, with Denver and Seattle to follow in May and July, Lufthansa said.
Bloomberg
27-03-2025
- Business
- Bloomberg
Lufthansa Shakes Up Business Class With Seven Seat Categories
The hierarchy of seat configurations on airplanes is usually no mystery: First class comes first, wherever it exists, followed by business, premium economy and, finally, coach. Now German carrier Lufthansa is really changing things up. As part of its €2.5 billion ($2.7 billion) Allegris redesign, which has been officially retrofit into the airline's long-haul fleet, Deutsche Lufthansa AG is upgrading not just its seats but also the number of seat types it offers—to 14 categories.
Bloomberg
07-03-2025
- Business
- Bloomberg
Germany's Richest Man to Pocket $9 Billion After Well-Timed Bets
Klaus-Michael Kühne, Germany's richest person, stands to reap at least $9.3 billion in dividends after a period of profitable growth at his expanding transport empire. The windfall stems from the 87-year-old tycoon's 53% stake in Kuehne + Nagel International AG, the world's largest air and sea freight-forwarding business co-founded by his grandfather, a 15% holding in Deutsche Lufthansa AG and 30% stake in Hapag-Lloyd AG. He's the biggest investor in the German airline, having built his stake after a government bailout in 2022. And he boosted his interest in the container line in 2020, just before a boom that led to record profits.
