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Sep 16, 2015

Air Berlin CEO eyes new culture in hunt for profits

ESSEN, Germany, Sept 16 (Reuters) – Air Berlin
needs more of an “anti-establishment” attitude to take on bigger
rivals, its chief executive said on Wednesday, as the airline
nears the end of a fleet review to stem losses and reduce debt
after an acquisition spree.

Germany’s second largest airline, 29 percent owned by Abu
Dhabi-based Etihad, has made operating losses in four of the
last five years. It is reviewing routes and its fleet of 140
planes as part of its efforts to return to profit in 2016.

Sep 15, 2015

Tech firm Sabre Travel Network eyes expansion in Europe

ESSEN, Germany, Sept 15 (Reuters) – U.S.-based Sabre Travel
Network, part of Sabre Corp, is planning to double its
market share in Europe by signing up more online travel agents
and corporate travel firms to its system that distributes
airline, hotel and car rental prices.

Set up by American Airlines and IBM as a
passenger reservations system in 1960, the travel technology
firm is one of the world’s three major global distribution
system (GDS) providers alongside Amadeus IT Holding SA
and Travelport Worldwide Ltd.

Sep 8, 2015

Lufthansa hits back as striking pilots threaten more action

FRANKFURT/BERLIN, Sept 8 (Reuters) – Germany’s Lufthansa
hit back at striking pilots on Tuesday, taking their
long-running dispute to the courts and saying it would no longer
hire new pilots under generous German labour contracts.

Pilots’ union Vereinigung Cockpit (VC) had warned Lufthansa
that further action was possible after it forced the airline to
cancel 84 of about 170 long-haul flights planned for Tuesday
from Frankfurt, Munich and Duesseldorf. Hundreds more
cancellations are expected when the strike continues on

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.

    • 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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