FRANKFURT, April 16 ― German airline giant Lufthansa reported a hefty first-quarter loss yesterday and downgraded its 2024 outlook due to recent strikes, while warning of...
Lufthansa ― whose carriers include Lufthansa, Eurowings, Austrian, Swiss and Brussels Airlines ― cut the forecast for its operating profit for the whole year to €2.2 billion. ― AFP picFRANKFURT, April 16 ― German airline giant Lufthansa reported a hefty first-quarter loss yesterday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East.
It had previously been expecting the figure to come in broadly the same as last year, at around €2.7 billion.After two years of hefty losses during the pandemic, Lufthansa had racked up healthy profits in 2022 and 2023 as travel demand roared back. When the company unveiled its 2023 results in March, Lufthansa personnel chief Michael Niggemann had criticised the “uncompromising strikes,” saying they were “damaging our guests, the company and ultimately our employees”.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lufthansa estimates strikes have cost airline €250mFRANKFURT: German airline Lufthansa estimates industrial action by employees has cost the firm €250 million (US$272 million) so far this year, reporte...
Read more »
Lufthansa, ground staff reach pay deal after strikesFRANKFURT, March 28 ― German airline giant Lufthansa and a union representing ground staff said yesterday they had reached an agreement on pay after a lengthy dispute,...
Read more »
Health Ministry sees 97.1pc drop in Malaysia’s new Covid-19 cases ahead of AidilfitriKUALA LUMPUR, April 9 — The number of Covid-19 cases have dropped sharply in the Epidemiological Week (ME14/2024) from March 31 to April April 6, the Health Ministry announced...
Read more »
Xiaomi Fan Festival Returns with Special Deals and Promotions for Malaysian FansXiaomi announces the return of the Xiaomi Fan Festival for this year, happening as always on the 6th of April in conjunction with the company’s founding anniversary. As part of this year’s celebration, the 2024 Xiaomi Fan Festival will bring special activities and promotions for Malaysian Xiaomi fans. For starters, Xiaomi will be having a number of special deals and promotions throughout the month. From now till the 15th of April, you’ll find offers for the Redmi Note 13, Redmi Note 13 5G and the Redmi Note 13 Pro 5G from the official Xiaomi store on Lazada and Shopee, which includes a free pair of Redmi Buds 4 Active true wireless earbuds with your purchase. On top of that, from 11 April onwards, Malaysians will be able to purchase Xiaomi products directly from their official website. To mark this occasion, from 11 April till 18 April, you’ll find special promos at 12PM to 2PM and 8PM to 10PM daily
Read more »
Israel Holocaust survivors get German payout amid Gaza warFRANKFURT, April 12 — Germany said yesterday it is providing €25 million (RM128 million) for Holocaust survivors in Israel to help them cope with the impact of the attack by...
Read more »
Bayer Leverkusen win men’s German football Bundesliga for first timeLEVERKUSEN: Bayer Leverkusen won the Bundesliga title for the first time after beating Werder Bremen 5-0 at home on Sunday, ending Bayern Munich’s 11-...
Read more »