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.
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.
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.
7 Nov 2020
Hit by a slump in global travel demand, Lufthansa has posted a €2 billion loss for the third quarter of 2020. The firm plans to cut thousands of jobs as the coronavirus pandemic weakens its business outlook.
6 Aug 2020
Infections in Germany have hit a three-month high. Ukraine has reported its highest figure yet. Meanwhile, Lufthansa has posted a net loss of €1.5 billion. Catch up with the latest news on the pandemic.
12 Jun 2020
Tens of thousands of jobs could be cut at German airline Lufthansa. Executives said Thursday personnel costs had to be reduced drastically to ensure a better restart following the coronavirus crisis.
4 Jun 2020
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.
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.
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.
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.
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.
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.