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Business 11 Jan 2016 | 12:00 AM

Lufthansa forecasts 2016 earnings growth as fuel costs decline

FRANKFURT: Deutsche Lufthansa AG is forecasting that operating profit will rise in 2016 as fuel costs decline a fourth consecutive year.

Business 04 Jan 2016 | 12:00 AM

All Nippon Airways agree to buy 3 A380 superjumbos

TOULOUSE: Airbus Group SE won an agreement from ANA Holdings Inc, Japan’s largest airline, to buy three of its A380 superjumbos, said a person familiar with the plan, giving the European planemaker a welcome vote of confidence for an aircraft that hadn’t won a new airline customer in three years.

Business 30 Oct 2015 | 12:00 AM

Lufthansa lifts 2015 earnings forecast on summer gains

FRANKFURT: Deutsche Lufthansa AG, Europe’s second largest airline, raised its earnings forecast for 2015 after a jump in mid-year demand and a drop in oil prices contributed to a 51% surge in third-quarter operating profit.

Business 07 Oct 2015 | 6:46 AM

Only US$69 to fly US-Europe?

NEW YORK: Norwegian Air Shuttle ASA hopes to sell one-way tickets to Europe for US$69 as early as 2017 by flying from U.S. airports that have low fees, Chief Executive Officer Bjّrn Kjos said in an interview Tuesday.

Focus 06 Jul 2015 | 12:00 AM

Big companies quake in digital age

Corporate giants are feeling the heat as small and agile startup companies armed with new technologies and new ways of doing business disrupt the old business models.

World 28 Jun 2015 | 9:00 PM

Lufthansa readies compensation for Germanwings crash

FRANKFURT (Reuters) - Deutsche Lufthansa plans to make offers of compensation in the coming days to the families of those killed in the crash of a Germanwings jet in the French Alps in late March, a spokesman for the airline said on Sunday.

TECH 27 Jun 2015 | 7:00 AM

Many big companies live in fear for their future in digital age

The top executives of many a corporate giant must feel like the fictional character Gulliver, waking up to find themselves under attack from modern-day Lilliputians, small start-up companies which overwhelm their established rivals with new technologies.

Business 21 May 2015 | 10:21 AM

China's regulator to hold foreign airlines to new safety rules

BEIJING: Foreign airlines operating in China will be evaluated by the country's aviation regulator, and those who fail to meet the safety standards will be prohibited from operating in China, China's aviation regulator said on Wednesday.

World 04 Aug 2014 | 5:10 AM

Lufthansa says to resume flights to Arbil in northern Iraq

(Reuters) - German airline Deutsche Lufthansa said it would resume flights to and from Arbil in northern Iraq starting on Monday, but would continue to avoid airspace above the area controlled by the Islamic State militant group.

World 02 Aug 2014 | 4:40 AM

Lufthansa says to avoid Iraqi air space for two days

FRANKFURT (Reuters) - Deutsche Lufthansa said on Friday it had decided not to fly over Iraq until and including Sunday, effective immediately.