Lufthansa

Lufthansa Group Airlines (OTC: DLAKY), one of Europe's largest airline conglomerates, has ventured into the world of non-fungible tokens (NFTs). The move by the air carrier underscores the rapid evolution of the digital asset landscape. Such innovative developments in the intersection of...

Ryanair (NASDAQ: RYAAY) shares are trading relatively flat during the trading session on Monday morning; as the company releases its fiscal year 2023 results to the public, some investors may be taking a breather before deciding the direction of the company and the stock as a result. In...

Deutsche Lufthansa AG (DXE: LHA) is expanding its cargo capabilities with a rare investment in narrowbody freighters. The German flag carrier said Wednesday that its cargo division, which operates 10 Boeing 777 widebody freighters and has access to four more through its Aerologic joint venture...

Lufthansa Cargo next year will cover its fleet of Boeing 777 freighters with a high-tech coating that mimics the structure of a shark's skin to reduce aerodynamic drag and fuel consumption, the company said Monday. The low-friction film consists of riblets measuring about 50 micrometers that...

Lufthansa Cargo (DXE: LHA) is moving forward with the modernization and expansion of its logistics center at its Frankfurt Airport hub in Germany. The airline this week signed a contract Biechert Automation GmbH & Co. to build a central high-rack storage system with automated pallet storage and...

As malls, restaurants and other beleaguered businesses hold out hope for economic revival, airlines continue to take a beating. Industry shares tumbled Monday after Warren Buffett said he sold his stakes in American Airlines Group Inc (NASDAQ: AAL), Delta Air Lines, Inc. (NYSE: DAL), Southwest...

Speculation that the demand destruction from the coronavirus will be long-lasting and result in a smaller airline industry after the pandemic is starting to become a reality. On Tuesday, Deutsche Lufthansa AG (OTCMKTS: DLAKY) announced a significant restructuring that includes a permanent...

Deutsche Lufthansa AG (OTCMKTS: DLAKY) is moving rapidly to reduce costs and preserve cash flow as the coronavirus outbreak widens to more countries.  Three days after announcing a series of expense reductions, Lufthansa on Friday said group companies would reduce short-haul operations by up to 25...

(Updated 12:05 with details on Delta) When airlines began suspending service to China and Hong Kong last month because of the coronavirus outbreak it was understood their finances would be dinged in some way. Now, the dings are becoming visible. On Tuesday, Deutsche Lufthansa AG said it is...

Lufthansa Cargo is expanding its digital sales channels with dynamic spot prices that can be booked immediately. These are now automatically generated in real-time via the Rapid Rate Response (RRR) mechanism and are displayed as directly bookable offers. The carrier said the innovation will...

Deutsche Lufthansa AG's disregard for conduct flights at unauthorized airports is the worst case the U.S. Federal Aviation Administration (FAA) has seen involving an airline operating outside its specified authority, according to an agency spokesman. Last week, the FAA announced its intent to fine...

Lufthansa Cargo has begun offering qualified commercial customers and partners greater digital connectivity to its reservation system, giving logistics providers a fast, no-haggle way to book space for shipments. Automating the booking process is a new trend among airlines keen on attracting more...

Lufthansa and the Independent Flight Attendant Organization (UFO) have agreed to continue negotiations on a collective bargaining agreement with the help of arbitration, following a two-day strike last week that forced Lufthansa to cancel 1,300 flights. The airline and its cabin crews have been...

Operating profit for Lufthansa Group dipped slightly in the third quarter from a year ago in the face of higher fuel costs and subpar performance at Austrian Airlines, Brussels Airlines and Lufthansa Cargo, which also announced plans Thursday to purchase two more Boeing 777 freighters. Lufthansa...