Tag: Lufthansa Group

Lufthansa Considers Temporary Grounding of Airbus A380 Fleet

Reading Time: < 1 minute The novel coronavirus has developed into a severe migraine headache that numerous airlines worldwide are suffering from. For example, Lufthansa Group plans to reduce its capacity by up to 50% in the coming weeks. The decision to cut the capacity by up to 50% (concerning all passenger airlines in the Lufthansa Group) came in light […]

SWISS Welcomes Its First Airbus A320neo

Reading Time: < 1 minute The flag carrier of Switzerland has welcomed the first out 25 Airbus A320neo Family aircraft on order. Powered by the Pratt & Whitney GTF™ engines, the plane took off from Hamburg, Germany.  The A320neo Family incorporates the very latest technologies including new-generation engines, Sharklets and cabin efficiency enablers, which together deliver 20% fuel savings.

Lufthansa to Restructure Eurowings after Profits Warning

Reading Time: < 1 minute Struggling to compete with the likes of Ryanair, easyJet and Wizz on pricing since taking over large parts of Air Berlin, Lufthansa is looking to restructure its low-cost subsidiary in a bid to reduce running costs by up to 15 percent over the next three years. In concentrating more on short-haul flights, the intention is […]

Lufthansa Group Orders 40 Boeing 787 and Airbus A350 Aircraft

Reading Time: < 1 minute Lufthansa Group has announced that it will purchase 40 new aircraft for the group’s airlines: 20 Boeing 787-9 and 20 A350-900 planes. The delivery of new aircraft should start late 2022 and end in 2027. The decision regarding which airline will deploy the aircraft at which hub will be made at a later date. “In […]

Lufthansa Group Hits the Record

Reading Time: < 1 minute In 2018, the airlines of the Lufthansa Group carried a total of 142 million passengers, setting a new passenger record. With more than 1.2 million flights and a seat load factor of 81.4 per cent, the aircraft load factor was higher than ever before. The growth drivers for the network airlines were the Zurich hub […]

Lufthansa Group to Hire Over 5,000 New Employees in 2019

Reading Time: < 1 minute Approximately 5,500 new employees will be cleared for take-off with a career in Lufthansa Group this year – in Germany, Austria, Switzerland and Belgium alone, the home markets of the aviation group. The company is looking to hire over 1,300 flight attendants – primarily at the Munich hub and at SWISS in Zürich. Up to […]

Lufthansa Reduces Planned Growth for 2019

Reading Time: < 1 minute Lufthansa Group achieved an Adjusted EBIT of EUR 2.4 billion for the first nine months of 2018 – a 7.7 percent decline on the prior-year period which is primarily attributable to the integration costs at Eurowings. Adjusted EBIT margin for the period amounted to 8.8 percent. Nine-month results were also burdened by a EUR 536 […]

Lufthansa Group Chooses FL Technics for 28 Airbus 320s

Reading Time: < 1 minute After several ad-hoc maintenance projects, FL Technics, a global provider of integrated aircraft maintenance, repair, and overhaul services, has signed a long-term joint contract with Lufthansa group companies (network and point-to-point airlines) for MRO services.  The first aircraft is scheduled for maintenance at the beginning of October 2018 in Vilnius (Lithuania) and will be followed […]

Austrian Airlines Offers Cockpit Jobs to More Than 100 Future Pilots

Reading Time: < 1 minute This week, more precisely on May 9, 2018, 20 pilot trainees started their training to become pilots for Austrian Airlines. The airline still has room for 34 people for the courses in August and November, and room for 96 future pilots for the training beginning in 2019. The call for applications targets women and men […]

Lufthansa Posts Groups Best Ever Annual Results

Reading Time: 2 minutes Total revenues for the Lufthansa Group in 2017 amounted to €35.6 billion, a 12.4 percent increase compared to 2016. The Adjusted EBIT of €2.97 billion was a substantial 69.7 percent year-on-year improvement. An 8.4 percent Adjusted EBIT margin was up 2.9 percentage points compared to 2016. EBIT for 2017 increased more than €1 billion to […]