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Mar 6, 2015

Iran tourism sector aims to rebuild as international tensions thaw

BERLIN, March 6 (Reuters) – Iranian businessman Cyrus
Etemadi has had a stand at Berlin’s ITB travel trade fair every
year for more than 20 years, even when tension with the West
meant few tourists visited the former ancient kingdom of Persia.

As the pragmatic President Hassan Rouhani, successor to
hardliner Mahmoud Ahmadinejad, tries to reverse the path of
antagonism to the West, Etemadi hopes he can rebuild his tour
business, Cyrus Sahra, to its former strength.

Mar 5, 2015

European tourism buoyed by recovering economies and cheap oil

BERLIN (Reuters) – Travel and tourism companies are looking forward to a solid year in Europe thanks to recovering economies and a fall in oil prices.

Many recent economic data reports have beaten expectations and signs of a long-awaited recovery in Europe are starting to show through in the profits of leading global companies.

Feb 27, 2015

Airbus takes new A400M hit, juggles jetliner output

MUNICH, Feb 27 (Reuters) – Airbus Group took a
charge of 551 million euros ($618 million) due to the latest
delays to the A400M military transporter and juggled production
on its most popular jetliners as it posted
stronger-than-expected annual results on Friday.

The world’s second-largest aerospace group after Boeing
said it would cut production of its A330 widebody jet to
six a month from the first quarter of 2016 as it also ramps up
production of its top-selling A320 family.

Feb 20, 2015

Lufthansa shares plunge after dividend scrapped

BERLIN, Feb 20 (Reuters) – Germany’s Lufthansa
said it will not pay a dividend for 2014, conserving cash for
restructuring, after its net result was hit by the sale of an IT
unit, an increase in pension liabilities and losses from
fuel-hedging activities.

Lufthansa is trying to cut costs to better compete with
low-cost carriers and rivals from the Middle East. Its efforts
have met fierce resistance from pilots, who went on strike 10
times last year and have already held one walkout this year.

Feb 16, 2015

Europe’s airlines race for Wi-Fi in battle for passengers and new revenues

BERLIN/LONDON (Reuters) – Europe’s airlines are racing to add Wi-Fi to their planes, eager to attract Internet-hungry customers in a cut-throat short-haul market and potentially add millions of dollars of revenue through entertainment, services and advertising.

U.S. airline passengers already have a chance of accessing Wi-Fi on 66 percent of miles flown, against a worldwide average of 24 percent, according to data from Routehappy, which rates flights worldwide on amenities such as seats and entertainment.

Feb 12, 2015

MTU Aero sees demand for new jets and strong dollar pushing up profit

MUNICH, Feb 12 (Reuters) – Strong global demand for new
passenger jets and a firmer U.S. dollar should help German
aircraft engine maker MTU Aero Engines beat analysts’
average sales and profit forecasts this year, it said on
Thursday.

Its two biggest customers, Airbus and Boeing
, are riding a wave of orders for new fuel-efficient
passenger jets, boosting business for suppliers. Airbus won net
orders for 1,456 planes in 2014, against 1,432 for Boeing.

Feb 11, 2015

Pilots’ union calls 2-day strike at Lufthansa’s Germanwings

BERLIN, Feb 11 (Reuters) – A long-running row between
Lufthansa management and German pilots union
Vereinigung Cockpit (VC) over pay and conditions shows no sign
of ending soon after the union called for a two-day strike at
the group’s budget airline Germanwings.

The VC pilots staged 10 strikes last year, affecting
hundreds of thousands of passengers and wiping up to 200 million
euros ($226 million) from 2014 operating profit at Lufthansa,
which is under pressure to reduce costs to keep up with rivals.

Jan 30, 2015

Qatar Airways takes $1.7 billion stake in British Airways: owner IAG

LONDON/BERLIN (Reuters) – Qatar Airways has bought a stake worth about 1.15 billion pounds ($1.7 billion) in the owner of British Airways and Iberia, aiming to forge closer links to a group with two major European hubs and strong transatlantic networks.

The Gulf airline, which disclosed a 9.99 percent holding on Friday, already partners International Consolidated Airlines Group (IAG) (ICAG.L: Quote, Profile, Research) in the oneworld alliance and has limited code-sharing deals and a freight partnership with BA.

Jan 30, 2015

Qatar Airways takes $1.7 bln stake in British Airways-owner IAG

LONDON/BERLIN, Jan 30 (Reuters) – Qatar Airways has bought a
stake worth about 1.15 billion pounds ($1.7 billion) in the
owner of British Airways and Iberia, aiming to forge closer
links to a group with two major European hubs and strong
transatlantic networks.

The Gulf airline, which disclosed a 9.99 percent holding on
Friday, already partners International Consolidated Airlines
Group (IAG) in the oneworld alliance and has limited
code-sharing deals and a freight partnership with BA.

Jan 22, 2015

Ryanair’s ascent can’t be repeated, says former finance boss Millar

DUBLIN, Jan 21 (Reuters) – Having been at the financial
controls since Ryanair’s traffic has climbed from under
1 million passengers a year to over 90 million, Howard Millar is
confident no upstart can repeat that performance.

“That (low-cost) train has left the station a long time ago
and I think it will be increasingly difficult for start-ups to
gain any traction,” he told Reuters on the sidelines of an
annual aviation finance gathering in Dublin.

    • 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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