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Sep 7, 2015

Lufthansa cancels dozens of long-haul flights due to strike Tuesday

BERLIN (Reuters) – Lufthansa canceled just under half of its long-haul flights planned for Tuesday after pilots’ union Vereinigung Cockpit (VC) called an all-day strike in a long-running dispute over pay, retirement benefits and cost cuts.

The union said on Monday the strike, the 13th walkout in 18 months, would affect long-haul passenger flights and cargo flights out of Germany from 0600 GMT to 2159 GMT on Tuesday.

Sep 7, 2015

Pilots’ union calls strike at Lufthansa for Tuesday

BERLIN/FRANKFURT, Sept 7 (Reuters) – German pilots’ union
Vereinigung Cockpit (VC) has called an all-day strike for
Tuesday at Lufthansa’s long-haul and cargo flights,
increasing pressure on management in a long-running dispute over
pay, retirement benefits and cost cuts.

The union said on Monday the strike, the 13th walkout in 18
months, would affect all long-haul passenger flights and all
cargo flights out of Germany from 0600 GMT to 2159 GMT on

Sep 4, 2015

Good summer gives Lufthansa CEO confidence for 2015 goals

FRANKFURT, Sept 4 (Reuters) – Lufthansa’s drive to
cut costs on its European routes and invest billions in its
fleet are paying off, with the German airline enjoying a better
than expected summer, its chief executive told Reuters on

In recent years, Lufthansa has struggled to keep up with a
fast-changing landscape that has seen rapid expansion by Gulf
carriers and lower cost competitors with newer fleets.

Sep 4, 2015

Lufthansa CEO says will ‘comfortably’ achieve 2015 profit target

FRANKFURT (Reuters) – Lufthansa (LHAG.DE: Quote, Profile, Research) is confident it will achieve its profit target this year thanks to strong business in July and August and a turnaround in its short-haul European business, the airline’s chief executive told Reuters on Friday.

“We are positive that we will comfortably achieve our adjusted EBIT target of more than 1.5 billion euros this year,” Carsten Spohr said in an interview at the group’s main base in Frankfurt.

Sep 1, 2015

Cupcakes & time travel: Changing cities explored in Berlin show

BERLIN, Sept 1 (Reuters) – If you could go back in time to
change your city, what would you do? What kind of a place do you
want to live in? Would you try to stop gentrification?

These are some of the questions being posed by a
Berlin-based collective of artists, called copy & waste, in a
performance inspired by the way Hill Valley changes during the
1980s “Back to the Future” science-fiction comedy films.

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.

    • 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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