Lufthansa to cut jobs after reporting €2.1 billion loss
By France24
04 June 2020 |
11:00 am
The German airline group Lufthansa says it will undergo "far-reaching restructuring" after reporting a net loss of €2.1 billion in the first three months of the year. The changes will include job cuts at its Brussels Airlines and Austrian Airlines brands. Lufthansa's board agreed on Tuesday to a €9 billion German government rescue loan to help it through the crisis. Also today, shares in French carmaker Renault jumped in early trading in Paris after it formally secured a €5 billion government-backed loan to shore up its finances.
In this article
Related
10 Mar 2021
Related
6 Mar 2021
Germany's national carrier Lufthansa has announced billions of euros worth of losses for 2020. Coronavirus disruption has catapulted the airline into an unprecedented crisis.
10 Mar 2021
Pheelz Mr. Producer spoke with Sammy Walsh about his creative process and how he manages his finances. Born Phillip Kayode Moses the record producer and Songwriter has worked with top artists and musicians.
1 Apr 2021
Lebanon has long been a financial capital in the region. But neighboring nations say billions are stuck in the country's failing financial system.
31 May 2021
The new routes follow EU advice against using Belarusian airspace. On Sunday, the Minsk government sparked international outrage by forcing the landing of a Ryanair jet to arrest a dissident journalist.
22 Aug 2021
Shares in Lufthansa drop after the German government’s announcement that it will be selling a quarter of its stake in the airline. The complete stake will be sold before the end of 2023.
22 Sep 2021
The €2.14 billion capital increase will shore up the German flag carrier's finances and help pay off a government bailout secured at the height of the COVID-19 pandemic.
24 Dec 2021
German airline Lufthansa is slashing its winter schedule as a result of reduced demand amid the omicron variant. Spohr said the airline was running just 60% of flights compared to the pre-pandemic year 2019, with "roughly half" the number of passengers.
14 May 2022
Lufthansa apologized for excluding a group of Jewish passengers after a few were not observing COVID protocols. The group consisted of the visibly Jewish Orthodox, who accused the airline of collective punishment.
26 Jun 2022
German airline Lufthansa has said it is canceling over 2,000 additional flights at its Frankfurt and Munich hubs due to staff shortages. Its low-cost subsidiary, Eurowings, is also expected to cancel flights.
28 Jul 2022
The carrier's ground staff went on strike, prompting more than 1,000 flights to be canceled. The walkout comes as air travel industry faces several crises.
2 Aug 2022
The vote by Germany's pilot union Vereinigung Cockpit comes days after the carrier's ground staff went on strike, prompting over 1,000 flights to be canceled.
7 Aug 2022
The deal would entail upcoming salary increases for thousands of ground staff workers at German airports. The breakthrough comes after a Lufthansa strike paralyzed operations on July 27.
Latest
2 hours ago
Climate change is disrupting China’s tea industry. The country is the world's leading producer of tea leaves, but this year, spring harvests fell by 20%, according to official figures. What’s more, the taste of the national beverage is also changing – the consequences of last summer’s drought. Lou Kisiela, Antoine Morel, Yan Chen and Yena Lee bring us this report from Hangzhou, China.
2 hours ago
The use of artificial intelligence in game development is expected to increase tenfold in the next few years. What does this mean for game creators and players?
5 hours ago
A bus carrying employees from a diamond mine in Limpopo reportedly collided with a lorry. Road safety is a critical challenge in South Africa, despite the country's advanced road infrastructure.
5 hours ago
Azerbaijan launched an "anti-terrorist" operation in the Armenia-backed breakaway region of Nagorno-Karabakh. Baku's government said a truce and talks were contingent on the enclave's unconditional surrender.
5 hours ago
The parents of Marie, a 15-year-old French teenager, have pressed charges against TikTok after their daughter committed suicide in 2021. They believe that by sharing a flow of videos about suicide to Marie, who suffered from low self-esteem, the platform pushed her to take her own life. FRANCE 24's Science reporter Shirli Sitbon looks at ways a new French bill could tackle negative algorithms and online bullying.
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.