Deutsche Lufthansa AG

Earnings data Q1 2021

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Deutsche Lufthansa AG engages in the provision of passenger, freight, and cargo airline services. It operates through the following segments: Network Airlines, Eurowings, Logistics, Maintenance Repair Overhaul, Catering and Additional Businesses and Group Functions. The Network Airlines segment comprises Lufthansa German Airlines, SWISS, and Austrian Airlines. The Eurowings segment focuses on the growing market for european direct sales. The Logistics segment consists of scheduled airfreight activities of the Lufthansa Cargo group. The Maintenance Repair Overhaul segment is involved in the provision of maintenance, repair, and overhaul services for civilian commercial aircraft. The Catering segment is engaged in providing airline catering. The company was founded on January 6, 1926 and is headquartered in Cologne, Germany.

Lufthansa's  supervisory board postponed approval of a 9 billion euro ($9.90 billion) bailout in light of conditions imposed by the European Union, the German airline group said on Wednesday.

Lufthansa supervisory board postpones approval of bailout package

Lufthansa's  supervisory board was unable to approve a 9-billion euro ($9.90 billion) bailout in light of conditions imposed by the European Union, the airline group said on Wednesday.

Lufthansa supervisory board unable to approve bailout package

Ryanair Hlds

Germany’s flagship air carrier, Lufthansa (ETR: LHA) recently struck an £8.05 billion bailout package with the government. The transaction is likely to complete in June.

Ryanair calls Lufthansa’s bailout package a threat to competition as it vows to appeal against it

Low-cost carrier Ryanair  challenged Germany's 9 billion euro rescue package for Lufthansa  on Tuesday, saying it distorted competition, while the German carrier moves towards finalising the deal next month.

Ryanair challenges Lufthansa's bailout package

Lufthansa  is hoping for a quick nod from the European Commission for its 9 billion euro ($9.8 billion) bailout agreed on Monday to make sure the cash arrives in time for the company to stay afloat.

Lufthansa hopes for speedy EU nod for bailout: sources

Ryanair  will contest a 9 billion-euro ($9.9 billion) German aid package for Lufthansa, the budget airline's Chief Executive Michael O'Leary said in a statement on Tuesday.

Ryanair vows to appeal against Lufthansa aid package

State to take 20% stake in airline, which has been struggling after coronavirus reduced flights

Lufthansa agrees €9bn bailout with German government

Eurowings, the low-cost airline owned by Lufthansa , said it would cut a third of the jobs at its headquarters as part of wider efforts to return the German airline group to profitability after a major state bailout.

Lufthansa unit Eurowings to cut a third of head-office staff

Germany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa , Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to give the green light for the bailout.

Germany still in talks with EU over Lufthansa bailout, expects green light: Altmaier

Lufthansa and the German government have finalized the terms of a €9 billion ($9.8 billion) bailout, following weeks of intense negotiations over the future of Europe's leading global airline.

Lufthansa clinches $10 billion bailout from German government

The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.

Lufthansa and German  government agree $9.8 billion rescue package

Germany's rescue package for flagship carrier Lufthansa  is a "very, very good solution" that is taking into account the needs of both the company and taxpayers, Finance Minister Olaf Scholz said on Monday.

Germany's Scholz: Lufthansa rescue package should yield 'small profit' for state

The German Finance and Economy Ministries on Monday said Lufthansa  was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.

Lufthansa has good prospects for future: German ministries

Germany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa  , Germany's flagship carrier said on Monday.

Lufthansa says Germany approves stabilization package

Sources informed on Monday that the management of the German national air carrier, Lufthansa (ETR: LHA), and the government have agreed on an £8.06 billion bailout. The preliminary deal, sources added, is targeted at helping the airline cushion the economic blow from the Coronavirus pandemic that has brought the global air travel to a near halt.

German government and Lufthansa agree on an £8.06 billion bailout

The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout, two people close to the matter said.

Lufthansa, German government agree on $9.8 billion rescue package: sources

Chancellor Angela Merkel told senior members of her party that the German government would not allow the European Commission to deprive Lufthansa  of valuable take-off and landing slots at Frankfurt and Munich airports, Handelsblatt reported.

Merkel won't allow EU to deprive Lufthansa of key slots: Handelsblatt

Negotiations on a government bailout for coronavirus-stricken airline Lufthansa  are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.

Talks on Lufthansa aid not concluded yet: ministry

Lufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.

Lufthansa to resume flights to 20 destinations from mid-June

Talks over a 9-billion euro German government bailout of Lufthansa  have hit a snag and will continue over the weekend, a German newspaper reported on Friday.

Lufthansa bailout talks hit snag, drag on - Handelsblatt

Germany's airline cabin crew union called on Friday for Berlin to include measures to safeguard jobs in the bailout package which is being finalised for airline Lufthansa.

Cabin crew union demands Lufthansa bailout safeguards jobs

Lufthansa  is in advanced talks over a 9 billion euros ($9.9 billion) state bailout that would see Germany take a 20% stake in its flagship airline, as countries battle to save an aviation industry hammered by the coronavirus pandemic.

Lufthansa closes in on $10 billion state rescue deal

Almost half of Europe’s A380s will be retired at the end of COVID-19. Air France is withdrawing all of its A380s while Lufthansa is increasing its A380 retirements.

Europe’s A380 Fleet Shrinks By 46% As Air France And Lufthansa Retire More Aircraft During Coronavirus

Airline Lufthansa  said on Thursday it is in advanced talks with the German government's economic stabilisation fund over a rescue deal worth up to 9 billion euros ($9.88 billion), including the state taking a 20% stake in the company.

Lufthansa in advanced talks for state rescue deal worth about $10 billion

The German government has agreed on final details of a rescue package for airline carrier Lufthansa , media reported on Wednesday.

News for Deutsche Lufthansa AG Stock (DLAKY)