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Mar 19, 2014

Missing Malaysia plane puts new satellite sensors in the spotlight

FRANKFURT/WASHINGTON (Reuters) – The unexplained fate of Malaysia Airlines flight MH370 has thrown the spotlight on some satellite technologies that will make it easier in future for authorities to track and communicate with aircraft over water and uninhabited areas.

The plane vanished from radar screens on March 8 with 239 people aboard. Investigators believe it most likely flew into the southern Indian Ocean.

Mar 13, 2014

Lufthansa restores dividend as revamp bears fruit

FRANKFURT, March 13 (Reuters) – Lufthansa,
Germany’s largest airline, restored its dividend payout and
forecast operating profit would rise more than expected this
year, as cost cutting and restructuring at its passenger
business bear fruit.

Shares in the group jumped almost 8 percent in early
Thursday trading to their highest level since the end of 2007.

Mar 10, 2014

Europe’s regional airports struggle as traffic shifts to hubs

BERLIN, March 10 (Reuters) – Dozens of small European
airports, which blossomed with the advent of no-frills flying,
face cutbacks or even closure as traditional airlines become
more competitive and regulators clamp down on state aid.

After years of suffering at the hands of budget airlines
such as Ryanair and easyJet, carriers including
Lufthansa, British Airways and Air France
have cut costs and consolidated to close the price gap
on short-haul European routes.

Mar 6, 2014

Tourism industry emerges from downturn

BERLIN, March 6 (Reuters) – The outlook for the global
travel industry looks brighter for 2014 as European economic
recovery and rising consumer confidence are prompting
holidaymakers and businesses to loosen their purse strings
again.

Growth is still unevenly spread across regions, according to
comments from the industry’s biggest trade fair in Berlin this
week, with some destinations such as Egypt, China and Thailand
facing a tough time due to political turmoil, security concerns
or stricter regulations.

Mar 6, 2014

New financing choices help revive Europe’s hotel industry

BERLIN, March 6 (Reuters) – Europe’s hotel sector is finding
its financing options are the best in years as investors seek
better returns in a low interest rate environment and economies
emerge from bruising recessions, fanning optimism for the rest
of the year.

Industry executives say lenders and investors now understand
the sector better, seeing it more as a business investment than
a straight property play.

Mar 5, 2014

Lufthansa, Qatar Air clash over in-flight movies on smartphones

PARIS, March 5 (Reuters) – Germany’s Lufthansa on
Wednesday announced plans to offer wirelessly streamed movies to
passengers on trans-European flights, sparking a clash over the
future of traditional seatback systems at the world’s largest
travel fair.

Europe’s largest traditional network carrier said passengers
on some medium-haul flights would be able to stream movies, TV
programmes, music or games from an onboard server to their own
portable devices or smartphones starting from the summer.

Mar 5, 2014

Lufthansa unveils new premium economy class

BERLIN, March 5 (Reuters) – Lufthansa, Germany’s
largest airline, unveiled its new premium economy class on
Wednesday, part of a 3 billion euro investment in seats to catch
up with fast-growing rivals from the Middle East.

The airline said the new class would first be available on
long-haul flights from November on its Boeing 747-8, flying to
destinations such as Washington DC, Los Angeles or Hong Kong.

Feb 21, 2014

Security staff strike brings chaos to Frankfurt airport

FRANKFURT (Reuters) – A strike by security staff at Frankfurt airport caused flight cancellations and delayed thousands of passengers, bringing chaos to Europe’s third largest hub on Friday, the busiest day of the week for travelers.

Trade union Verdi had called on around 5,000 people who check passengers, baggage and freight at the airport to strike for the entire day to push for their pay to be brought into line with that of staff at other German airports.

Feb 20, 2014

Coach blast knocks back Egypt’s tourism recovery

FRANKFURT/PARIS, Feb 20 (Reuters) – The bombing of a coach
carrying Korean holidaymakers in the Sinai peninsula on Sunday
has dealt Egyptian tourism a hammer blow, just as it was
attempting a fragile recovery from three years of political
upheaval.

By killing two holidaymakers near one of Egypt’s biggest
sea-and-sun resorts, the Islamist militants behind the attack
have undermined Egyptian official assurances that foreigners
face no threat from the turmoil that has shaken the country
since the overthrow of autocrat Hosni Mubarak in 2011.

Feb 18, 2014

MTU sees flat profits as new engine investments weigh

MUNICH, Feb 18 (Reuters) – Delivering costly new engines to
meet a boom in orders for passenger jets will keep profits flat
at MTU Aero Engines this year, before its more
lucrative spare parts business benefits later this decade, it
said on Tuesday.

The German firm, which supplies planemakers Boeing,
Airbus and Bombardier, makes bigger profit
margins from selling spare parts than supplying new engines, in
which it has to invest more money, and saw its operating margin
fall by 1 percentage point to 10.1 percent in 2013.

    • 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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