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Lufthansa making progress with turnaround plan, CEO says

Lufthansa group is making progress with its turnaround plan, though 2025 and 2026 will be transitional years as it works to stem spiralling costs, chief executive Carsten Spohr told reporters in Frankfurt.

Business • 10 Sep

Lufthansa and Air France-KLM defy trade war worries

European airlines Lufthansa and Air France-KLM reported higher second-quarter profits today defying worries that economic uncertainty and US tariffs might hit transatlantic travel.

Business • 31 Jul

European aviation's green fuel targets risk being missed

The EU's requirement for 6% of the jet fuel used by its airlines to be sustainable by 2030 is impossible to meet because of the cost and scarcity of green fuels, airline CEOs warned today ahead of a meeting with the European Commission.

Business • 27 Mar

Lufthansa reported adjusted earnings before interest and taxes of €1.65 billion in 2024, down from €2.68 billion in 2023

Lufthansa reports drop in full year operating profit

Lufthansa's operating profit fell by more than a third in 2024, the airline said today, capping a difficult year in which spiralling costs, restricted access to Russian airspace, and aircraft delivery delays hit profitability.

Business • 06 Mar

Lufthansa is to acquire 41% of ITA, the successor airline to bankrupt Alitalia, for €325m today

Lufthansa CEO expects Italy's ITA to boost profits

Lufthansa expects its planned stake in Italy's ITA Airways to increase the German flagship carrier's profits by hundreds of millions of euros in the coming years, chief executive Carsten Spohr told the FAZ newspaper in an interview published today.

Business • 13 Jan

As part of its deal, Lufthansa will give itself two years to assess ITA's financial health before pushing for a full takeover

Lufthansa CEO optimistic about financial health of ITA

Lufthansa sought to reassure investors about ITA's financial health today after the German carrier won EU approval this week to buy 41% of the Italian airline, which remains under the shadow of its predecessor Alitalia.

Business • 05 Jul 24

Lufthansa's losses have been compounded by ongoing strikes in Germany, which cost the group €350m in the first quarter

Lufthansa eyes strong summer to shake off strike costs

Lufthansa hopes to claw back its strike-related losses in the second half of the year, the German flag carrier said today, pointing to a strong summer season with bookings up 16% compared with the previous year.

Business • 30 Apr 24

Lufthansa reported third-quarter adjusted earnings before interest and tax (EBIT) of €1.47 billion, up 31% on the same time last year

Lufthansa upbeat on travel demand as Q3 beats estimates

Lufthansa has today reported quarterly profits slightly above analysts' consensus on the back of robust travel demand this summer and said bookings remained strong ahead of the busy Christmas season.

Business • 02 Nov 23

ITA, the successor to Italy's loss-making flagship airline Alitalia, took to the air in 2021 as a state-owned company

Lufthansa clinches deal for 41% stake in ITA Airways

Lufthansa will take a 41% stake in ITA Airways by way of a €325m capital increase that will flow directly to the Italian carrier, the German group has said.

Business • 26 May 23

Lufthansa CEO set for Rome to discuss ITA deal - report

Lufthansa CEO Carsten Spohr is heading to Rome to discuss taking a planned stake in ITA Airways, Italian Economy Minister Giancarlo Giorgetti was quoted as saying by Ansa news agency today.

Business • 25 May 23

Lufthansa reported a full-year operating profit of €1.23 billion for 2022, compared to a loss of €2.3 billion the previous year

Lufthansa earnings rebound as it flags further gains

Germany's Lufthansa has returned to what it called a "clearly positive result" for 2022 as air travel bounced back and said it expected an significant improvement in earnings this year.

Business • 03 Mar 23

ITA has kicked off a plan to hire 1200 new employees in 2023

ITA and Lufthansa bosses meet ahead of possible sale

ITA Airways Chairman Antonino Turicchi met Lufthansa chief executive Carsten Spohr this week as Italy's government aims to sign a preliminary agreement for the sale of the Italian carrier by the end of the year, Corriere della Sera reported today.

Business • 09 Dec 22

Lufthansa's chief executive Carsten Spohr

Air fares won't return to pre-Covid levels - Spohr

Lufthansa chief executive Carsten Spohr has said that flight prices will never return to where they were before the pandemic, forecasting stable or increasing prices in future.

Business • 13 Sep 22

Lufthansa's adjusted loss before interest and taxes (EBIT) narrowed to €591m in the first quarter from the €1.05 billion loss it reported for the same time in 2021

Lufthansa says fuel costs offset post-Covid travel boom

Germany's Lufthansa is looking to return to an operating profit this quarter as demand for travel rises with the easing of Covid-19 curbs and the airline raises ticket prices to offset higher costs.

Business • 05 May 22

The airline has reported a 2021 operating loss of €2.3 billion, in line with analyst forecasts

Lufthansa says on course for recovery

Germany's Lufthansa, which narrowed its losses in 2021 but remained in the red, said today that it could not provide a detailed outlook for 2022 due to the war in Ukraine and the pandemic.

Business • 03 Mar 22

The airline last year received a €9 billion government bailout to stay afloat through the Covid-19 pandemic

Lufthansa repays €1.5 billion of state aid after cash

Deutsche Lufthansa has wrapped up a €2.16 billion capital increase and used the proceeds to repay €1.5 billion in state aid as it banks on a rebound in air travel. The German airline paid back the first of two tranches of hybrid capital, dubbed silent participation, it received as part of a 2020 ba

Business • 12 Oct 21

Lufthansa's rescue deal on track, says CEO

German airline Lufthansa will generate positive cash flow this summer, while it should be possible to fully unwind a Covid-19 rescue package in a year's time, chief executive Carsten Spohr has said.

Business • 31 Aug 21

Lufthansa aims to repay state aid before German poll

Lufthansa wants to repay state aid it received during the pandemic before Germany's federal election in September if possible, the airline's chief executive said today.

Business • 18 Jun 21

Lufthansa said today it expected to fly at about 40% of its pre-pandemic capacity

Lufthansa stems losses despite slower recovery outlook

Lufthansa has today lowered its full-year capacity forecast as hopes dwindle for an early summer travel rebound, but the German airline's cost-cutting drive narrowed quarterly losses.

Business • 29 Apr 21

Lufthansa is now losing €1m every 2 hours, which it says is a significant improvement

Lufthansa has cut losses to €1m every two hours - CEO

German airline Lufthansa is losing €1m every two hours, which represents "a significant improvement" over the low point of the Covid-19 crisis, its chief executive Carsten Spohr said today.

Business • 21 Jan 21

Lufthansa CEO Carsten Spohr said he expects business on average to reach half of 2019 levels next year

Lufthansa CEO sees bookings tripling in Summer 2021

Bookings at Lufthansa have tripled for next Summer boosted by the imminent approval of a Covid-19 vaccine, its chief executive Carsten Spohr told a German magazine.

Business • 11 Dec 20

Carsten Spohr, the chief executive of Lufthansa

Lufthansa says no end in sight to burning through cash

Deutsche Lufthansa is burning cash at a rate of €500m a month and is far from breaking even, the German airline's chief executive has said.

Business • 06 Oct 20

Lufthansa could cut more planes and jobs than planned

German airline Lufthansa could cut its fleet by 130 planes in response to the coronavirus crisis, two people familiar with the matter said.

Business • 16 Sep 20

Lufthansa draws up plan to avoid insolvency should a shareholder vote fail to approve a $10 billion government bailout

Lufthansa draws up 'Plan B' to avoid insolvency: source

Lufthansa has drawn up a plan to avoid insolvency should a shareholder vote tomorrow fail to approve a $10 billion government bailout, a company source told Reuters today.

Business • 24 Jun 20

Lufthansa CEO Carsten Spohr said the airline is seeking to avoid a grounding and insolvency

Lufthansa shares down as investor battles bailout terms

Lufthansa shares slumped 5.7% this morning after CEO Carsten Spohr said the company would seek to avoid a grounding and insolvency in a battle with the airline's biggest shareholder over the terms of a €9 billion bailout.

Business • 22 Jun 20