FRANKFURT (Reuters) – German travel and tourism group TUI AG (TUIGn.DE: Quote, Profile, Research, Stock Buzz) is looking at expanding its hotel and cruise operations as its ‘oneTUI’ restructuring program moves from cost-cutting to getting growth.
TUI AG, which owns 55 percent of London-listed TUI Travel (TT.L: Quote, Profile, Research, Stock Buzz), Europe’s largest tour operator, aims to generate underlying profits of 1 billion euros ($1.4 billion) in the year ending September 2015, up from 762 million in the 2012/13 year.
FRANKFURT, May 16 (Reuters) – German travel and tourism
group TUI AG is looking at expanding its hotel and
cruise operations as its ‘oneTUI’ restructuring programme moves
from cost-cutting to getting growth.
TUI AG, which owns 55 percent of London-listed TUI Travel
, Europe’s largest tour operator, aims to produce
underlying profits of 1 billion euros ($1.4 billion) in the year
ending September 2015, up from 762 million in the 2012/13 year.
FRANKFURT, April 23 (Reuters) – Lufthansa is
testing a new type of biofuel for use in aircraft, the German
carrier said on Wednesday, as the airline industry steps up
efforts to cut its carbon dioxide emissions.
Lufthansa was the first airline worldwide to use biofuels in
commercial flights in 2011, when it used a 50:50 mix of biofuel
- gained from plant oils and animal fats – and regular kerosene
to power one engine per plane on daily flights between Frankfurt
FRANKFURT (Reuters) – German airline Lufthansa dismissed the risk of it coming under undue foreign influence despite the percentage of non-Germans owning its shares rising to more than 40 percent, a move that could trigger a defensive buyback of its shares.
Germany’s biggest airline said the total shareholding of non-German investors had reached 40.69 percent, but it was not planning any buyback for the moment. It said an analysis of its shareholder register gave no reason to believe there was any immediate danger of excessive foreign control.
NEW YORK/HAMBURG (Reuters) – Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems.
With satellite-based Wi-Fi, Internet speeds on jetliners are getting lightning fast. And airlines are finding that travelers expect connections in the air to rival those on the ground – and at lower cost.
HAMBURG, April 10 (Reuters) – Ever fancied seeing your name
in lights as you boarded a plane? A hologram to take you through
your in-flight entertainment options? Or how about something
simpler, like an easy place to rest your tablet?
Exhibitors at the Aircraft Interiors Expo in Hamburg
demonstrated these ideas and more as they sought to win airline
customers with new seats, lighting and entertainment systems.
DARMSTADT, Germany (Reuters) – Europe on Thursday launched the first satellite of its multibillion-euro Copernicus Earth observation project that will supply valuable images in the event of natural disasters or even a plane crash.
The Sentinel-1a satellite, which blasted off into Earth’s orbit from Europe’s spaceport in French Guiana at 5.02 p.m. ET, will be used to monitor sea ice, oil spills and land use and to respond to emergencies such as floods and earthquakes.
FRANKFURT/BERLIN, April 3 (Reuters) – Pilots on strike at
Lufthansa faced withering criticism across Germany and
even from their co-workers for demanding higher pay and early
retirement terms even though they rank among the country’s
Political leaders joined newspaper editorials and TV
commentators in lambasting the 5,400 pilots who have all but
shut down Germany’s largest airline and disrupted 425,000
passengers during their three-day walk-out until midnight
FRANKFURT (Reuters) – A three-day strike by pilots at Lufthansa over early retirement, which has grounded Germany’s largest airline, shows no sign of ending early after management said there would be no further talks during the strike period.
Lufthansa has cancelled 3,800 flights during the strike, which runs until the end of Friday, and says the stoppage will cost it tens of millions of euros.
FRANKFURT, March 28 (Reuters) – Pilots at Lufthansa
will hold a three-day strike next week in a row over
retirement conditions, their union said on Friday, bringing more
disruption to travellers after a spate of industrial action at
The pilots’ strike, which will run from 2200 GMT on April 1
until 2159 GMT on April 4, is likely to cause the cancellation
of hundreds of flights, and will be the third strike to hit
Frankfurt airport, Europe’s third-largest hub and Lufthansa’s
home base, in six weeks.