Victoria's Feed
Mar 30, 2015

Lufthansa CEO faces tough test after Germanwings crash

BERLIN (Reuters) – After an already troubled first year as CEO of Lufthansa, Carsten Spohr must now deal with the aftermath of the Germanwings disaster whilst making the airline group fit to compete for the future.

The crash in the French Alps, believed to have been deliberately caused by co-pilot Andreas Lubitz, happened while Lufthansa is trying to halt declining ticket prices, expand low-cost operations, reduce staff costs and bring an end to a series of pilot strikes.

Mar 26, 2015

Analysis – Pilot’s actions may add to Germanwings’ liability in mountain crash: lawyers

NEW YORK/BERLIN (Reuters) – Lufthansa (LHAG.DE: Quote, Profile, Research) subsidiary Germanwings could face liabilities well above the typical ceiling in airline crashes for the passengers who died on Tuesday when one of its jets was flown into an Alpine mountain, some aviation lawyers said.

A lot will depend on whether the airline can defend itself against negligence claims given that prosecutors said on Thursday that a young German co-pilot locked himself alone in the cockpit of the Airbus A320 and set it on course to crash, killing all 144 passengers and six crew members.

Mar 26, 2015

Pilot’s actions may add to Germanwings’ liability in mountain crash: lawyers

NEW YORK/BERLIN (Reuters) – Lufthansa subsidiary Germanwings could face liabilities well above the typical ceiling in airline crashes for the passengers who died on Tuesday when one of its jets was flown into an Alpine mountain, some aviation lawyers said.

A lot will depend on whether the airline can defend itself against negligence claims given that prosecutors said on Thursday that a young German co-pilot locked himself alone in the cockpit of the Airbus A320 and set it on course to crash, killing all 144 passengers and six crew members.

Mar 26, 2015

Airlines introduce two-person cockpit rule after Alps crash

BERLIN/PARIS (Reuters) – Airlines rushed on Thursday to change rules to require a second crew member in the cockpit at all times, hours after French prosecutors suggested a co-pilot who barricaded himself alone at the controls of a jetliner had crashed it on purpose.

The United States already requires two crew members to be in the cabin at all times, but many other countries do not, allowing pilots to leave the flight deck, for example to use the toilet, as long as one pilot is at the controls.

Mar 22, 2015

Big hotel chains aim small in Europe to net millennial generation

BERLIN/LONDON, March 22 (Reuters) – Driven by the demands of
a new plugged-in generation seeking “authentic” travel
experiences with a local feel, the world’s biggest hoteliers are
moving into a new sector in Europe – the “lifestyle” boutique
hotel.

After many years focused on baby boomers and business
travellers, brands such as Marriott, Hilton,
Starwood and InterContinental Hotels Group are
paying more attention to the so-called millennials, expected to
be the biggest group of hotel customers by 2020 according to
industry executives.

Mar 19, 2015

Lufthansa pilot strike grounds over half long-haul flights

FRANKFURT, March 19 (Reuters) – A pilots strike grounded
more than half of Lufthansa’s lucrative long-haul
flights on Thursday, the latest action to pressure management in
a protracted row over early retirement benefits and cost cuts.

Lufthansa is trying to cut costs to levels nearer those of
its rivals as it is squeezed by budget carriers Ryanair
and easyJet on European routes and airlines such as
Turkish and Emirates on long-haul flights.

Mar 18, 2015

Lufthansa pilots extend strike, hundreds of flights canceled

BERLIN (Reuters) – Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz) pilots on Wednesday announced a third consecutive day of strikes this week, forcing hundreds of flight cancellations and ramping up pressure on management in a long-running row over early retirement benefits.

The German airline is trying to cut costs and expand budget operations as it competes with low-cost carriers like Ryanair (RYA.I: Quote, Profile, Research, Stock Buzz) and easyJet (EZJ.L: Quote, Profile, Research, Stock Buzz) in Europe and Gulf rivals such as Emirates [EMIRA.UL].

Mar 17, 2015

Lufthansa cancels 750 flights due to pilots’ strike

FRANKFURT/BERLIN (Reuters) – Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz) has canceled 750 flights or about half the total due to a strike planned by pilots for Wednesday, affecting thousands of passengers in a long-running dispute over early retirement benefits and plans to expand budget flights.

The German airline is trying to cut costs and renegotiate expensive labor agreements as it tries to compete with low-cost carriers and rivals such as Emirates and Turkish Airlines, but its efforts have been resisted by pilots who staged 10 strikes last year.

Mar 16, 2015

Adidas says will not renew NBA contract

BERLIN (Reuters) – Sportswear group Adidas AG will not renew its contract to supply kit to the U.S. National Basketball Association (NBA), saying it feels it would be better to invest its money in new products and players.

Adidas has been losing market share in the United States to Nike Inc and Under Armour Inc and the market is a priority for the German group this year, Chief Executive Herbert Hainer said earlier this month.

Mar 12, 2015

Lufthansa says must keep cutting costs

FRANKFURT, March 12 (Reuters) – Stiff competition from
rivals in Europe and the Middle East and falling ticket prices
mean Lufthansa must keep cutting costs if it wants to
remain a global airline, the German carrier said.

Lufthansa is being squeezed by competition from budget
carriers on routes within Europe and rivals such as Emirates and
Turkish airlines on long flights.

    • About Victoria

      "Based in Frankfurt, covering German companies in the retail, travel and leisure sectors. In my previous Reuters incarnation in London, I focused on green tech firms, utilities and an array of smallcaps that came my way on the Breaking News team. I started my career as a translator with the Financial Times in London before switching into journalism."
    • Follow Victoria