Lufthansa Group on Thursday said the “Europe focus” of its leisure travel program for summer 2021 will be on Greece and the Canary Islands. Over the course of the summer Lufthansa plans to add around 20 new vacation destinations to its flight program from Frankfurt and 13 new holiday destinations from Munich. For Greece, the […]
German carrier Lufthansa was saved at the 11th hour on Wednesday, after its top shareholder stepped in backing a 9-billion-euro rescue package put up by Germany’s Economic Stabilisation Fund (WSF). German billionaire Heinz Hermann Thiele told Frankfurter Allgemeine Zeitung newspaper that he would “vote for the agreement” one day before today’s extraordinary general
The travel restrictions imposed due to the global spread of the coronavirus have significantly impacted the Lufthansa Group’s earnings development in the first quarter of 2020, Deutsche Lufthansa AG said on Wednesday. According to the company’s Q1 financial report, group revenue in the first quarter fell by 18 percent to 6.4 billion euros (previous year: […]
The supervisory board of Deutsche Lufthansa AG on Monday voted to accept the 9-billion-euro rescue package offered by Germany’s Economic Stabilisation Fund (WSF), thereby accepting the announced commitments to the EU Commission. The Executive Board of Deutsche Lufthansa AG already formally approved the package on Friday. “It was a very difficult decision. After intensive
The Economic Stabilization Fund (WSF) of the Federal Republic of Germany has approved a package with stabilization measures and loans of up to 9 billion euros to Lufthansa, the German airline said on Monday. The stabilization package is aimed to cushion the blow Lufthansa received due to the Covid-19 travel restrictions which had a significant […]













