News | Latest Breaking News Stories & Headlines

ITA Airways said it carried 14.8 million passengers in 2023, up 46.9% from 2022

ITA Airways cut net loss to only €5m in 2023

ITA Airways posted a 2023 net loss of only €5m, a strong improvement from the year before, and revenues of €2.4 billion amid an increase in the flights it operates, the company said today.

Business • 27 Mar 24

Germany's Lufthansa wants to buy a 41% stake in Italy's ITA Airways for €325m as part of a capital increase

Lufthansa, ITA Airways deal may hurt competition - EU

Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU competition regulators today, ramping up pressure on the German carrier to come up with stronger remedies.

Business • 25 Mar 24

EasyJet is in talks with the European Commission about taking more slots at Linate airport in Milan

EasyJet eyes more slots at Italy's Linate airport

EasyJet is in talks with the European Commission about taking over slots at Milan's Linate airport that could be available as a result of Lufthansa teaming up with ITA Airways, the budget airline's chief executive has said.

Business • 21 Mar 24

Lufthansa has today reported an operating profit of €2.7 billion for last year

Lufthansa's operating profits for 2023 soar by 76%

Lufthansa has today reported an operating profit of €2.7 billion for 2023 as expected and said 2024 operating results will be on par with last year as the German airline struggles with costly labour disputes.

Business • 07 Mar 24

Lufthansa's shares have been among the best performers compared with rival European flag carriers, Air France-KLM and IAG

Lufthansa's labour disputes threaten 2024 profit goals

Lufthansa will likely miss its 2024 profit margin goal as the German airline seeks to agree new, higher pay deals to end prolonged strikes, which have forced it to cancel thousands of flights, analysts and investors say.

Business • 29 Feb 24

Lufthansa said it could only operate 10-20% of scheduled flights at the affected airports, which include Germany's biggest hub in Frankfurt as well as Munich, Hamburg, Berlin, Duesseldorf, Cologne and Stuttgart

Lufthansa ground staff strike hits air travel again

Ground staff at German airline Lufthansa walked off the job at major airports today in their second strike this month, raising pressure in wage talks due to continue tomorrow.

Business • 20 Feb 24

Lufthansa and Italy are seeking EU approval for a deal under which the German airline would acquire a 41% stake in ITA for €325m as part of a capital increase

EU to take more time to examine ITA-Lufthansa deal

Further months of talks will be required to secure European Union approval of German carrier Lufthansa buying a minority stake in Italian state-owned ITA Airways, Rome's economy minister said today.

Business • 22 Dec 23

Germany's Lufthansa uses Frankfurt Airport as its primary hub

Frankfurt Airport owner Fraport profit beats forecasts

Frankfurt Airport operator Fraport has today reported a 14% rise in third-quarter core profit, citing a rebound in passenger traffic during the European summer, driving its shares higher in morning trade.

Business • 07 Nov 23

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

Aer Lingus owner IAG is due to report quarterly results tomorrow

Jet fuel costs could cloud European airlines' earnings

Europe's major airlines are set for another bumper quarterly earnings season after a summer of record post-pandemic travel, but turmoil in Israel, the spillover impact on oil prices and worries about a global recession may cloud the outlook.

Business • 26 Oct 23

Ryanair's CEO Michael O'Leary said today that bookings to Israel have collapsed

Ryanair says up to govts whether airlines fly to Israel

Airlines wrestled with the safety risk of evacuation operations in Israel today, with Norwegian Air and Dutch KLM cancelling flights while Air France was going ahead with a special flight chartered by the French foreign ministry.

Business • 12 Oct 23

Combined with wage increases that were already paid last September, the revised offer amounts to a salary increase of 18.5%

Lufthansa offers 18.5% wage increase to pilots

Lufthansa has submitted a new offer to the pilots of the core brand Lufthansa Airlines and the cargo subsidiary Lufthansa Cargo in an ongoing wage dispute, Handelsblatt reported today.

Business • 16 Jun 23

The German carrier would pay between 320-330 million euros to purchase the initial minority stake in the Italian firm, said the source

Lufthansa close to buying 40% of Italy's ITA Airways

Lufthansa is close to clinching a deal with the Italian Treasury to buy a 40% stake in state-owned ITA Airways, a source told Reuters today, aiming to take full control of the airline in 2026.

Business • 25 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

Air traffic controller strikes in France have led to delays and limited flights across the country, causing more air space congestion in Europe

European airlines call for prevention of more strikes

European airlines are calling on the European Commission to take more action to mitigate the impact of strikes on travel this summer, trade group Airlines for Europe (A4E) said in a statement today.

Business • 16 May 23

Europe's second-top court has backed Ryanair's challenge against Lufthansa state bailout in 2020

Ryanair wins challenge against Lufthansa state bailout

The European Court of Justice has overturned a €6 billion bailout of Lufthansa by the German government during the Covid pandemic following a complaint by Ryanair.

Business • 10 May 23

Lufthansa has today reported an adjusted EBIT loss of €273m, improved from a €577m loss the same time last year

Lufthansa sees earnings boost from strong summer travel

German airline group Deutsche Lufthansa said it expected strong demand for holiday travel this summer to fill seats on its planes and help it reach its full-year targets.

Business • 03 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

The company said the problem was caused by damage to several of Deutsche Telekom's glass-fibre cables during construction work in Frankfurt

Lufthansa IT fault strands thousands of passengers

Thousands of passengers worldwide were stranded after an IT fault at Germany's flagship carrier Lufthansa caused flight delays and disruption at airlines across the group.

Business • 15 Feb 23

Rome has already pledged more than €1 billion for ITA and under a deal with the European Union, it could provide another €250m this year

Lufthansa bids for ITA stake to revive Italy's airline

German carrier Lufthansa said it had offered to buy an minority stake in ITA Airways, betting on reviving the loss-making successor to Italy's Alitalia and expanding its footprint in Europe.

Business • 19 Jan 23

Lufthansa already operates the brands Swiss, Austrian Airlines and Brussels Airlines.

Lufthansa bids for stake in Italian airline ITA

German carrier Lufthansahas said it has offered to buy an initial minority stake in ITA Airways, Italy's state-owned successor to Alitalia.

Business • 18 Jan 23

Germany's Lufthansa is seen in pole position to enter the company's capital, sources have said

Italy sets course for ITA Airways stake sale - sources

Italy's Prime Minister Giorgia Meloni is set to sign off on a decree to sell an initial minority stake in ITA Airways, in a move aimed at starting a full privatisation of the state-owned carrier, three sources told Reuters today.

Business • 21 Dec 22

Lufthansa's shares are up 30% so far this year

Lufthansa raises 2022 profit forecast, shares rise

Lufthansa expects to achieve adjusted earnings before interest and taxes (EBIT) of around €1.5 billion in 2022, the German flag carrier said in a statement today.

Business • 13 Dec 22

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

Eurowings will have six aircraft in Berlin for the summer flight schedule from the end of March 2023

Eurowings to double fleet at Berlin airport

Eurowings is doubling its fleet at Berlin's airport and expanding its flight programme, said the Lufthansa subsidiary's head Jens Bischof today, filling a gap left by rivals EasyJet and Ryanair at the German capital's airport.

Business • 21 Nov 22