Advertisement
UK markets close in 4 hours 22 minutes
  • FTSE 100

    7,952.37
    +20.39 (+0.26%)
     
  • FTSE 250

    19,862.88
    +52.22 (+0.26%)
     
  • AIM

    743.40
    +1.29 (+0.17%)
     
  • GBP/EUR

    1.1695
    +0.0026 (+0.22%)
     
  • GBP/USD

    1.2617
    -0.0021 (-0.16%)
     
  • Bitcoin GBP

    56,037.22
    +315.52 (+0.57%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CRUDE OIL

    82.39
    +1.04 (+1.28%)
     
  • GOLD FUTURES

    2,232.10
    +19.40 (+0.88%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,491.24
    +14.15 (+0.08%)
     
  • CAC 40

    8,220.12
    +15.31 (+0.19%)
     

Lufthansa sees Italy coming under pressure over Alitalia

(Adds comments from other CEOs)

BRUSSELS, March 6 (Reuters) - Lufthansa (Xetra: LHAB.DE - news) expects the European Commission will put pressure on Italy to find a solution for ailing flag carrier Alitalia (Stuttgart: 2278962.SG - news) , the German group's chief executive said on Tuesday.

"I am certain Brussels will increase pressure and force a solution and then we will take a look to see if it offers any chances for us," Carsten Spohr told journalists on the sidelines of an Airlines for Europe event in Brussels.

Spohr said he expected there would be more merger activity among airlines in Europe. "Europe needs more consolidation and will see more consolidation," he said.

ADVERTISEMENT

Europe's airline industry was shaken last year by the insolvencies of Air Berlin (LSE: 0GPE.L - news) and Monarch, as well as Alitalia entering an administration process.

Spohr, however, repeated that Lufthansa was not interested in Alitalia in its present form and that it needed restructuring.

British Airways parent IAG is also not interested in Alitalia, the group's CEO Willie Walsh said at the event.

"I think our focus on Italy is organic growth principally through Vueling," he said, referring to the group's Spanish budget carrier.

Britain's easyJet acquired some Air Berlin operations and CEO Johan Lundgren said it was busy working on integrating that at present.

"As with Air Berlin, we will take opportunities when they are right to take," he added. (Reporting by Victoria Bryan and Sarah Young; Editing by Christoph Steitz and Susan Fenton)