Lufthansa will invest €14 m in airBaltic for a minority stake

Lufthansa Group to invest €14 million in airBaltic for minority stake

The Ministry of Transport of Latvia, airBaltic and Lufthansa Group have signed an agreement for Lufthansa Group to invest €14 million (US$14.7 million) in airBaltic, securing a minority stake and a seat on the airline’s Supervisory Board. As part of the deal, Lufthansa Group will receive a convertible share representing a 10% stake in airBaltic. […]

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Lufthansa Group to recruit 10,000 employees in 2025

Other News

The Lufthansa Group has announced plans to recruit approximately 10,000 new employees in 2025, spanning a wide range of professions. This includes more than 2,000 flight attendants, 1,400 ground operations staff, 1,300 technical experts and 1,200 administrative personnel. Additionally, around 800 pilots will be hired across the Group. Over half of the recruitment will take

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Lufthansa responds to shareholder criticism amid strategy overhaul

Other News

Lufthansa’s Executive Board has addressed harsh criticism from Klaus-Michael Kühne, a key shareholder owning 20% of the airline. In a November interview with the Frankfurter Allgemeine Sonntagszeitung, Kühne expressed frustration with Lufthansa’s sprawling structure, claiming the airline had become ‘bogged down’ with an incredible number of by-products and airlines under completely different names. He argued

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Lufthansa Group achieves record Q3 revenue despite profit decline

Financial

The Lufthansa Group achieved record third-quarter (Q3) revenue of €10.7 billion, a 5% increase from the previous year’s €10.3 billion, primarily due to an increase in flight numbers and a boost in Lufthansa Technik’s performance. This strong revenue result marked the most successful quarter in the Group’s history. However, profitability faced pressure as Adjusted EBIT

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Lufthansa Systems enhances airline-support with Google Cloud

Information Technology

Lufthansa Systems has announced a new partnership with Google Cloud, becoming one of the first providers in the aviation industry to offer cutting-edge multi-cloud support to its customers. This collaboration expands the capabilities of Lufthansa Systems’ Global Aviation Cloud by integrating Google Cloud services, building on its longstanding use of Microsoft Azure technology. Airline customers

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Lufthansa Group faces profit decline despite revenue growth in Q2 2024

Financial

The Lufthansa Group has increased its second-quarter revenues by seven percent to €10 billion in 2024 (prior-year period: €9.4 billion). The Group recorded an operating profit, or Adjusted EBIT, of €686 million (prior-year period: €1.1 billion). The Group net result amounted to €469 million (prior-year period: €881 million). The prime drivers here were the 11%

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Lufthansa Group lowers annual forecast

Financial

On a preliminary basis, the Lufthansa Group generated an adjusted EBIT of €686 million in the second quarter of 2024 (previous year: €1.1 billion). A market-related decline in average yields in all traffic regions, particularly in Asia, had a negative impact. The unit costs of the passenger airlines remained at the previous year’s level in

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Lufthansa Group expects lower second-quarter results due to strikes

Financial

On an initial basis, the Lufthansa Group has reported an Adjusted EBIT loss of €849 million in the first quarter of 2024 (compared to a loss of €273 million the previous year). The loss exceeded expectations due to various strikes, both by different employee groups within the Group and by employees at system partners, which

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Spafax and Lufthansa Group extend and deepen partnership

Aircraft & Engines

Spafax, a global leader in in-flight entertainment and airline media solutions, has announced the continuation and deepening of its strategic partnership with Lufthansa Group, until 2028. This move aligns with Lufthansa Group’s goal of revolutionising the passenger journey by integrating state-of-the-art entertainment experiences on and off the aircraft. As part of this comprehensive partnership, Spafax

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Lufthansa Cityline will unlock the potential of more efficient flight operations with Honeywell technology

Honeywell adds Lufthansa Cityline to Flight Efficiency software user

Information Technology

Honeywell has renewed its contract with Lufthansa Group and welcomed Lufthansa Cityline as a user of Honeywell Flight Efficiency software. This cloud-based solution utilises deep data analytics to empower airlines and flight crews with actionable insights for reducing fuel consumption and carbon emissions. The software offers specific guidance to pilots, ground personnel, and various stakeholders,

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Lufthansa Group to invest €14 million in airBaltic for minority stake

Lufthansa Group to recruit 10,000 employees in 2025

Lufthansa responds to shareholder criticism amid strategy overhaul

Lufthansa Group achieves record Q3 revenue despite profit decline

Lufthansa Systems enhances airline-support with Google Cloud

Lufthansa Group faces profit decline despite revenue growth in Q2 2024

Lufthansa Group lowers annual forecast

Lufthansa Group expects lower second-quarter results due to strikes

Spafax and Lufthansa Group extend and deepen partnership

Honeywell adds Lufthansa Cityline to Flight Efficiency software user

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