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Lufthansa Cabin Crew Strike Forces Flight Cancellations
Wednesday, November 6, 2019 - 5:59pm | 281After a German court dismissed an injunction filed by Lufthansa on Nov. 6 against UFO, a union representing cabin crew, the airline has canceled about 1,300 flights as it prepares to weather a 48-hour strike. The strike will affect about 700 flights leaving from Germany on Nov. 7 and about 600...
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Lufthansa Strike Still Scheduled
Thursday, October 17, 2019 - 10:30am | 224Lufthansa has confirmed to FreightWaves that the cabin crew strike scheduled for Oct. 20 at two German airports is still on schedule. German cabin crew union UFO urged members on Oct. 15 to walk off their jobs at five carriers that are part of Lufthansa Group: Lufthansa, Eurowings, Germanwings,...
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Lufthansa Issues Temporary Ban After Dangerous Cargo Found
Monday, September 16, 2019 - 10:25am | 189A cargo containing lithium ion batteries is said to have prompted Lufthansa's air cargo arm to issue a temporary ban on taking some shipments, including those from Flexport's Asia arm. Air Cargo World reported that Lufthansa Cargo blacklisted three companies on Sept. 6 following the discovery of a...
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Lufthansa, Deutsche Bahn Settle Air Cargo Dispute
Thursday, August 29, 2019 - 1:05pm | 337German flag carrier Lufthansa and German national railway Deutsche Bahn have reached agreement on a long-festering dispute concerning an air cargo cartel. The settlement was announced Aug. 26, although details are being kept confidential by mutual agreement. The settlement ends a dispute before...
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Lufthansa Cargo Posts Weak Earnings As Trade Uncertainty Continues
Wednesday, July 31, 2019 - 10:23am | 481Lufthansa Cargo posted weak earnings for the first half of 2019, citing lower economic growth and trade conflicts for its lackluster performance. The company posted an 88 percent fall in adjusted earnings before tax and interest (EBIT) year-over-year. Germany-based Lufthansa Cargo is a wholly...
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Lufthansa Cargo Forms E-Commerce Unit To Handle Cross-Border Trade
Monday, June 10, 2019 - 6:45pm | 706The world's airlines have enough challenges handling conventional cargo, let alone cross-border e-commerce with a universe of consumers who can be more demanding than even the toughest shipping manager. Still, the potential of cross-border e-commerce is too tempting to ignore. That is why...
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Wolfe Isn't Changing Its Mind About JetBlue Despite Lufthansa Situation
Friday, February 20, 2015 - 12:01pm | 262Lufthansa is seeking to reduce its debt and, with this intention, it announced last Wednesday that it is offering a voluntary cash incentive to holders of its JetBlue Airways Corporation (NASDAQ: JBLU) equity-backed convertible note, to encourage them to exchange the notes ahead of the 2017...
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Market Wrap For June 12: Iraq Concerns Dampens Bullish Momentum
Thursday, June 12, 2014 - 4:37pm | 1579U.S. stocks declined as investors demonstrated concerns over recent escalations of violence in Iraq. Crude oil rose as a wave of violence has seen Mosul and Tikrit (two cities key to Iraq's oil industry) fall to insurgent forces. The Senate confirmed former Bank of Israel government...