You have searched for "Deutsche Lufthansa AG"
Showing 41-50 of 166
FRANKFURT: Deutsche Lufthansa AG spent the last two decades forging a business empire that stretched across the wealthiest countries of continental Europe. Forced into retreat by the coronavirus crisis, it’s now bogged down by ties to four governments as it seeks a multi-billion euro bailout.
Firm needs to gauge how much scaling back is too much
SYDNEY: An ugly feud is escalating between Qantas Airways Ltd. and its closest Australian competitor over the ethics of state aid, just as airlines facing collapse around the world race to secure bailouts.
FACED with an industry heading toward a wave of bankruptcies, an investor’s first instinct is often turning to the first three pages of the financial statements.
ZURICH: Deutsche Lufthansa AG will cut 95% of capacity, grounding 700 planes, as Europe’s biggest airline confronts the deepening crisis around the coronavirus pandemic.
MONTREAL: The global airline industry needs government aid and bailout measures totalling between US$150bil and US$200bil if it’s to survive the coronavirus crisis, according to the International Air Transport Association (IATA).
US President Donald Trump’s 30-day ban on Europeans traveling to the U.S. delivers a hammer blow to a global airline industry that was already at risk of losing as much as US$113 billion in passenger revenue this year because of the coronavirus.
DALLAS: Back in September 2017, Doug Parker, the chief executive of American Airlines Group Inc., predicted clear financial skies ahead for the world’s largest carrier.
Google’s massive travel advertising business could be hurt because the coronavirus outbreak is disrupting travel plans.