BERLIN, Jan 12 (Reuters) – German airline Lufthansa
expects its fuel bill to fall by 13 percent in 2015
because of lower oil prices, setting it on course for higher
profit this year and boosting its shares.
Airlines hedge jet fuel purchases as a way to give them
greater control over spending on an item that typically accounts
for around a third of their cost base, meaning it takes time for
them to gain the benefits of the 50 percent plunge in oil prices
since last June.
GENEVA (Reuters) – Airlines need co-operation from governments to address security threats raised by aviation disasters this year, but would like to see a quicker relaxation of economic controls, Tony Tyler, head of the International Air Transport Association, said.
The former Cathay Pacific boss, who represents a majority of the world’s airlines, reflected on a turbulent centenary year for commercial aviation, darkened by the disappearance of a Malaysian airliner, the downing of another and the Ebola crisis.
BRUSSELS/BERLIN (Reuters) – The new European Commission may scrap plans to open up airport ground handling services to more competition amid criticism from airports, which say such a move could hit the quality of services.
The reform would give airlines more choice of service providers and increase the minimum number of providers at large airports.
BERLIN/PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) sought to reassure investors on Thursday by promising profit growth beyond 2017 and healthy dividends after its shares continued a slide begun on Wednesday when it warned of flat 2016 earnings.
Investors also worried about a cut in production rates for the A330 as Airbus moves to a newer version of the wide-bodied plane, dubbed the A330neo, and as it ramps up production of its new A350.
BERLIN/GENEVA (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results that year.
The world’s second-largest planemaker after Boeing (BA.N: Quote, Profile, Research) was also forced to call off a ceremony planned for Saturday to deliver its new A350 jetliner to Qatar Airways after the Gulf airline said it was delaying the handover indefinitely.
BERLIN/GENEVA, Dec 10 (Reuters) – Shares in Airbus
suffered their worst drubbing in more than six years on
Wednesday after the planemaker predicted flat profits in 2016, a
year in which investors had expected it to start feeling the
benefit of new and recently upgraded models.
The world’s second-largest planemaker after Boeing
was also forced to scrap a ceremony to mark the first delivery
of its new A350 jetliner to Qatar Airways on Saturday, after the
Gulf airline said it was delaying the handover indefinitely.
FRANKFURT, Dec 9 (Reuters) – An auditor’s report concluded
Kabel Deutschland was worth almost a quarter more
than what Britain’s Vodafone offered for the rump of the
company, potentially helping hedge fund Elliott argue its case
for a higher price for its stake.
Having secured a stake of more than three quarters in Kabel
Deutschland, Vodafone about a year ago offered 84.53 euros per
share ($104) in cash to remaining shareholders as part of a
so-called domination agreement.
FRANKFURT/BERLIN (Reuters) – Cyber attacks and commercial drones pose a growing risk of commercial aeroplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums.
Technical advances in aircraft design and navigation systems have reduced the chance of dying in a plane crash, but the reliance on computers poses new types of risks.
BERLIN, Dec 3 (Reuters) – Lufthansa’s board
approved plans on Wednesday to expand its budget flight
operations against the backdrop of deteriorating relations with
its pilots who are set for their tenth strike this year.
With the dust barely settled after this week’s two-day
walkout that forced Lufthansa to cancel half its flights,
affecting 150,000 passengers, pilots’ union Vereinigung Cockpit
called another strike for Thursday.
BERLIN (Reuters) – Lufthansa’s (LHAG.DE: Quote, Profile, Research, Stock Buzz) board meets on Wednesday to approve expansion of its budget flights against the backdrop of deteriorating relations with pilots who are now planning their tenth strike this year.
With the dust barely settled after this week’s two-day walkout that forced Lufthansa to cancel half its flights, affecting 150,000 passengers, pilots’ union Vereinigung Cockpit called another strike for Thursday.