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May 5, 2015

Lufthansa reins in profit expectations as strikes take toll

BERLIN (Reuters) – Germany’s Lufthansa (LHAG.DE: Quote, Profile, Research, Stock Buzz), rocked by a fatal plane crash at the end of March and trying to end a long-running dispute with its pilots, struck a cautious tone on 2015 profit expectations despite reporting a smaller first quarter loss.

Like Air France-KLM (AIRF.PA: Quote, Profile, Research, Stock Buzz), which also reported a smaller first-quarter loss last week, Lufthansa is trying to lower costs to better compete with rivals from the Gulf and Turkey as well as low-cost carriers in Europe.

May 5, 2015

Lufthansa narrows operating loss helped by cheaper fuel

BERLIN, May 5 (Reuters) – Lufthansa joined
European rivals in reporting improved first-quarter earnings
helped by cheaper fuel, but said on Tuesday further action was
needed to lower costs, especially in light of a rising pension
burden and staff-related expenses.

Lufthansa is in a long-running dispute with its pilots over
retirement benefits and the expansion of low-cost services.
Talks with pilots and strike action were suspended after the
crash of one of its Germanwings planes at the end of March.

May 4, 2015

Europe toughens up pilot training rules to prevent accidents

BERLIN (Reuters) – European aviation safety regulators introduced new training requirements on Monday to help prevent accidents by pilots losing control of planes in-flight, such as during a stall or in bad weather.

The International Air Transport Association said that while these incidents were rare, they were deadly.

Apr 30, 2015

British Airways, Air France face heat from stronger dollar

LONDON/BERLIN, April 30 (Reuters) – British Airways-owner
IAG swung to a profit for the first time in its
seasonally weakest first quarter, but warned a stronger dollar
would hold it back this quarter, echoing a warning from rival
Air France-KLM.

Both airlines saw lower fuel bills, but Air France said
pressure on ticket prices and the firmer dollar would offset any
benefits over the whole of 2015, while IAG said its rate of
profit improvement would slow in the current quarter.

Apr 30, 2015

Airbus keeps targets, considers buyback as jet programmes on track

PARIS/BERLIN (Reuters) – Airbus Group (AIR.PA: Quote, Profile, Research) said it would make a decision in the autumn on a share buyback programme after reporting its main commercial jet programmes were on track and confirming its full-year guidance on Thursday.

Europe’s largest aerospace group said it was pushing ahead with a production increase for its new A350 jet and that its revamped A320neo remained on schedule. The A380 superjumbo will break even as planned this year, it said in a statement, as it posted in-line first quarter results.

Apr 30, 2015

Airbus keeps targets as jet programs on track

PARIS/BERLIN (Reuters) – Airbus Group said its main commercial jet programs were on track and confirmed its full-year guidance on Thursday despite a dip in underlying first-quarter profit.

Europe’s largest aerospace group said it was pushing ahead with a production increase for its new A350 jet and that its revamped A320neo remained on schedule. The A380 superjumbo will break even as planned this year, it said in a statement.

Apr 30, 2015

Air France-KLM narrows first-quarter operating loss

BERLIN (Reuters) – Air France-KLM (AIRF.PA: Quote, Profile, Research) said pressure on ticket prices and negative currency effects would offset virtually all the benefits of lower fuel prices this year after it reported a narrower first-quarter operating loss.

Like Lufthansa (LHAG.DE: Quote, Profile, Research), Air France-KLM is battling with unions to cut costs amid tough price competition in Europe and is cutting back on investments to bolster its finances.

Apr 30, 2015

Air France-KLM narrows Q1 operating loss

BERLIN, April 30 (Reuters) – Air France-KLM said
pressure on ticket prices and negative currency effects would
offset virtually all the benefits of lower fuel prices this year
after it reported a narrower first-quarter operating loss.

Like Lufthansa, Air France-KLM is battling with
unions to cut costs amid tough price competition in Europe and
is cutting back on investments to bolster its finances.

Apr 16, 2015

Airline seat squeeze raises health and safety concerns

BERLIN (Reuters) – Airlines are packing ever more seats into economy class to protect profit margins from falling ticket prices, prompting concerns over health and safety from travelers and crew.

Slim-line designs, extra emergency exits and creative placing of galleys and toilets are all playing their part in the great seat squeeze, say industry watchers.

Apr 15, 2015

Panasonic eyes doubling of airline Wi-Fi installation to meet demand

HAMBURG (Reuters) – Panasonic Avionics says it will need to double the rate at which it installs Wi-Fi systems on aircraft to catch up with skyrocketing demand from airlines to keep passengers connected above the clouds.

Airlines are rushing to install Wi-Fi on board, seeing not only an opportunity to meet demands from customers to be always connected, but also to make the most of advertising contracts from companies keen on access to this captive audience.

    • 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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