Lufthansa to issue new shares to repay state aid
22 September 2021 | 6:42 am
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 Jan 2019
2019 Presidency: Time to repay Buhari's bailout gesture, says Gov. Abdulaziz Yari.
4 Jun 2019
Even in the midst of a global trade war, Lufthansa's outlook for his industry remains optimistic. Lufthansa CEO Carsten Spohr spoke to Bloomberg's Stephen Engle at IATA's annual meeting in Seoul.
22 Jul 2019
British Airways has suspended flights to Cairo for seven days over what Britain's Foreign Office has called a "heightened risk of terrorism." Lufthansa has also temporarily canceled its flights to the Egyptian capital.
23 Oct 2019
A key air crew trade union called off a Sunday strike at Lufthansa after the airline offered them a pay rise. However, they still plan a walkout on flights run by Lufthansa's subsidiaries, including Eurowings.
12 Jan 2020
Following the Iranian missile strikes targeting US forces in Iraq, as well as the unexplained crash of a Ukrainian passenger jet near Tehran, several major airlines have rerouted or canceled flights in the region.
12 Jan 2020
Lufthansa has canceled its routes to Iran, as well as those of Austrian Airlines. Many other major airlines have announced new flight plans that avoid Iranian and Iraqi airspace.
21 Jan 2020
German cabin crew union UFO has announced it will strike again for more pay and recognition as a Lufthansa negotiating partner. Over 2,000 flights were canceled during the union's last strike.
9 Apr 2020
Lufthansa has said it will take "years" before demand for air travel reaches pre-coronavirus levels. The airline said new changes will affect "almost all" flight operations.
24 Apr 2020
The German airline disclosed €1.2 billion in losses for the first quarter of 2020 as sales fell by 50% in March alone. State loans from Germany, Belgium, Austria and Switzerland are likely to rescue the company.
2 May 2020
Lufthansa is seeking a €10 billion bailout that would give the German government a massive stake in the airline, Der Spiegel reports. The German flag carrier has said it is losing €1 million an hour due to the pandemic.
23 May 2020
German Chancellor Angela Merkel has said there will be a decision "soon" on a potential rescue program for airline giant Lufthansa. The carrier was seeking capital as it struggles to cope with the coronavirus pandemic.
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