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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.

Mar 11, 2015

Freight update tempers Deutsche Post profit outlook

BONN (Reuters) – Postal and logistics company Deutsche Post DHL Group (DPWGn.DE: Quote, Profile, Research, Stock Buzz) set a slightly lower than expected profit target for 2015, with a modernization of its freight business dampening earnings.

The restructuring program at its freight forwarding business, dubbed NFE and comprising an IT overhaul, has been more difficult than anticipated, Chief Executive Frank Appel told journalists after the group’s fourth quarter results on Wednesday.

Mar 10, 2015

Virgin Atlantic sees profits taking off this year

BERLIN, March 10 (Reuters) – More customers on transatlantic
routes, new planes and lower fuel costs mean British airline
Virgin Atlantic is expecting a significant boost to
earnings in 2015 after reporting its first profit for four years
in 2014, its chief executive said.

The 30-year-old airline, which is owned by its British
billionaire founder Richard Branson, with 51 percent, and U.S.
carrier Delta Air Lines, is in the throes of a two-year
turnaround plan which includes shutting its Little Red domestic
airline to concentrate on long-haul.

Mar 8, 2015

Hotel investors battle for yield as sector heats up

BERLIN, March 8 (Reuters) – Investors are expected to pump
more money into buying, converting or building hotels in 2015
than in any year since the start of the global financial crisis,
with a focus on budget and ‘buzz’.

In a sector enjoying the benefits of economic recovery and
growing traveller numbers, yields are attractive compared to
alternative real estate like office, industrial or retail.

    • 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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