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Aug 26, 2015

Europe faces up to flight safety threat posed by drones

BERLIN/FRANKFURT, Germany (Reuters) – No-drone zones, software to block flights into sensitive areas and registration rules are among proposals from European regulators and aviation experts to ensure growing numbers of drones don’t case dangerous run-ins with passenger aircraft.

The use of civil drones, whether for commercial purposes such as crop surveillance, monitoring of natural disasters, photography or just as a fun leisure activity, is rising.

Aug 13, 2015

TUI sees earnings at top end of range despite Tunisia attack

BERLIN/LONDON, Aug 13 (Reuters) – Strong summer holiday
demand offset the impact of the Tunisian beach massacre for TUI
which said annual profit would come in at the upper end
of its forecast range.

The world’s largest leisure tourism group, TUI said summer
trading had been robust and it now expected underlying core
earnings (EBITA) to rise by between 12.5 and 15 percent in the
current financial year, against a previous forecast for between
10 and 15 percent.

Aug 12, 2015

United Internet raises customer forecast on mobile

FRANKFURT/BERLIN, Aug 12 (Reuters) – Germany’s United
Internet raised its forecast for 2015 customer growth,
saying it now expected more mobile Internet subscribers after
investing heavily in customer acquisition.

The Internet service provider said on Wednesday it expected
fee-based customer contracts to grow by 880,000 instead of
800,000, after a 430,000 increase to 15.2 million in the first
half. It stuck to its sales and earnings forecasts.

Aug 7, 2015

Erste Group Bank eyes 2015 dividend as economies pick up

VIENNA, Aug 7 (Reuters) – Austria’s Erste Group Bank
said on Friday it was aiming to restore dividend
payments for 2015, after reporting better than expected
second-quarter results which were boosted by improving
economies across central and eastern Europe.

Recovering from a record loss last year, the third-largest
lender in eastern Europe is also benefiting from not having
operations in Russia and Ukraine, where its regional rivals
UniCredit Bank Austria and Raiffeisen Bank
International have suffered due to the economic crisis
in those countries.

Aug 6, 2015

Deutsche Post lowers 2015 profit target after strikes

VIENNA, Aug 6 (Reuters) – German postal and logistics
company Deutsche Post cut its 2015 profit target on
Thursday after walkouts by staff in Germany in the second
quarter cost the firm 100 million euros ($109 million).

The strikes came on top of problems at the company’s freight
forwarding division, where a restructuring and a switch to a new
IT system proved more costly than expected.

Jul 30, 2015

Philae lander shows there’s more to comets than soft dust

BERLIN/FRANKFURT (Reuters) – The comet lander Philae may be uncommunicative at the moment, but the pictures and measurements it took after it touched down on a comet in November have shown scientists that the comet is covered with coarse material, rather than dust, and is harder than expected.

European scientists celebrated an historic first when Philae landed on a comet called 67P/Churyumov-Gerasimenko in November after a 10-year journey through space aboard the Rosetta spacecraft.

Jul 30, 2015

Lufthansa sees challenging second half, fares still under pressure

BERLIN (Reuters) – German airline Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz) said on Thursday it saw no let-up in the pressure on fares due to competition from low-cost rivals and it would be more challenging to improve earnings in the second half of the year than the first, when lower fuel costs boosted profits.

Europe’s largest aviation group by revenue is in the midst of a restructuring as it tries to remain competitive against fast-growing budget rivals in Europe as well as carriers such as Emirates [EMIRA.UL] and Turkish (THYAO.IS: Quote, Profile, Research, Stock Buzz) on long-haul routes.

Jul 29, 2015

Lufthansa’s risky bet with booking fees: will it pay off?

BERLIN, July 29 (Reuters) – Lufthansa is about to
take a bold step to boost profits by charging a fee for tickets
booked through third parties, hoping new technology and greater
price transparency will allow it to retain customers where
others have failed.

The 16 euro surcharge from Sept. 1, is risky, given that the
German airline sells around 70 percent of its tickets via third
party channels using global distribution systems (GDS) from
providers such as Amadeus, Travelport and
Sabre.

Jul 17, 2015

EU panel urges pilot screening after Germanwings crash

LONDON/BERLIN (Reuters) – In the wake of the Germanwings disaster, all airline pilots should undergo psychological screening and allow details of medical visits to be shared in a proposed European database, according to new recommendations delivered to EU officials.

A task force of experts led by Europe’s aviation safety regulator also called for the introduction of random drugs and alcohol testing of pilots and better oversight of the doctors responsible for their regular medical checks.

Jul 14, 2015

Iran deal could unleash big pent-up commercial aircraft demand

NEW YORK/BERLIN (Reuters) – Airplane sales to Iran were cleared for take off after Tehran signed a nuclear agreement with six major powers on Tuesday, opening a potentially significant opportunity for Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) and Airbus Group (AIR.PA: Quote, Profile, Research, Stock Buzz) after decades of isolation.

The agreement would lift all economic commercial sanctions including those relating to commercial aviation.

    • 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."
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