Deutsche Lufthansa AG

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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.

German airline Lufthansa said it would further cut its flight schedule after Monday's announcement that its Austrian Airlines division was scrapping all flights in response to the coronavirus-induced collapse in passenger demand.

Lufthansa cuts 90% of long-haul flights: statement

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As coronavirus grew from a Chinese outbreak to a global pandemic, the aviation industry was at the leading edge of the accompanying financial crisis.

Coronavirus has emptied flights. It could end up changing flying for ever

German flagship carrier Lufthansa  on Friday said it would scrap its annual dividend, slash its flight schedule further and is also considering a request for state aid to help it deal with the impact of the coronavirus outbreak.

Lufthansa slashes flight schedule further, may seek state aid

German flagship carrier Lufthansa  said on Friday it is planning to request state aid from several European governments to weather the fallout from the coronavirus outbreak.

Lufthansa to apply for German state aid - Handelsblatt

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Industry demands government help as shares continue to tumble amid coronavirus outbreak

Airlines cut more flights in wake of travel ban to US from Europe

With the White House’s surprise decision to bar foreign nationals from Europe from entering the United States, the already battered airline industry is facing yet another challenge.

Airlines start cancelling more flights from Europe, as new restrictions go into effect

German carrier Lufthansa  has been forced by the coronavirus epidemic to halt the sale of the international operations of its airline caterer LSG, the company said on Thursday, confirming an earlier Reuters report.

Coronavirus halts Lufthansa's sale of international catering ops

European airlines bore the brunt of a dramatic expansion of the coronavirus crisis on Thursday, as U.S. travel curbs on much of the continent deepened the sector's misery and piled more pressure on governments to offer emergency support.

Airline crisis deepens as U.S. puts Europeans in coronavirus quarantine

The sweeping measures roiled Europe's airline stocks during mid-morning deals, with the travel and leisure sector falling nearly 10%.

European airline shares tank after Trump orders new coronavirus travel restrictions

Airline stocks tumbled Thursday after US President Donald Trump announced a 30-day ban on travel from more than two dozen European countries, including Germany, France, Spain and Italy.

Airline stocks crushed after Trump announces Europe travel ban

Airline passenger traffic is plunging around the world because of coronavirus. That means tens of thousands of airline workers will probably soon be out of work, at least temporarily.

Tens of thousands of airline jobs are at risk as travel plunges

The coronavirus crisis deepens for global airlines.

Lufthansa to Cut Up to Half Its Flights as Travel Demand Plummets

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IATA anticipates the Asia-Pacific carriers to witness up to 32% decline in passenger numbers, equivalent to a $57.3-billion revenue loss.

IATA's New Forecast Adds Gloom to Coronavirus-Hit Airlines

Lufthansa is grounding planes and canceling flights as the coronavirus outbreak spreads in Europe.

Lufthansa cancels more than 7,000 flights over coronavirus concerns

German airline group Lufthansa  said on Thursday it is cancelling about 7,100 flights up to the end of March due to lower demand and the spread of coronavirus.

Lufthansa suspends 7,100 flights in March, including to Israel

Even if the virus is contained experts predict losses of $63 billion, more than double an earlier projection.

Airlines could lose $113B in revenue to coronavirus epidemic

Even though passenger traffic growth softens in January, the situation might worsen going forward as the coronavirus spreads its tentacles to all continents, barring Antarctica.

Coronavirus Upends Air Travel as Growth Slumps to Decade Low

Global airlines stand to lose $113 billion in sales if the coronavirus continues to spread, according to the International Air Transport Association.

'This is a crisis.' Airlines face $113 billion hit from the coronavirus

Boeing

Embraer

Germany's Lufthansa  threw its weight behind a proposed $4.2 billion takeover of Embraer's commercial aircraft activities by Boeing , saying it would preserve a level playing field.

Lufthansa CEO supports Boeing-Embraer tie-up

German airline group Lufthansa  said on Monday that it was extending the suspension of flights to China until April 24, to Tehran until April 30 and reducing services to northern Italy due to the coronavirus outbreak.

Lufthansa extends China, Tehran flight suspensions due to coronavirus

Deutsche Lufthansa AG (OTCMKTS: DLAKY) is moving rapidly to reduce costs and preserve cash flow as the coronavirus outbreak widens to more countries.

Coronavirus Forces Lufthansa To Take Down More Flights

European airlines stepped up their warnings over the coronavirus outbreak on Friday, with British Airways-owner IAG and Finnair flagging a hit to profits and easyJet reporting a big drop in demand into and out of a virus-affected region in Italy.

Airlines at center of storm as coronavirus spreads

(Updated 12:05 with details on Delta) When airlines began suspending service to China and Hong Kong last month because of the coronavirus outbreak it was understood their finances would be dinged in some way.

Lufthansa Slashes Budget In Response To Downturn From Coronavirus

Diageo

Airline offers unpaid leave, beverage firm fears £200m hit and Danone also voices concern

Coronavirus: Lufthansa imposes hiring freeze as Diageo profits suffer

Lufthansa  and United Airlines  are considering taking over TAP-Air Portugal, a German newspaper reported on Wednesday.

News for Deutsche Lufthansa AG Stock (DLAKY)