Deutsche Lufthansa AG (LHA.DE)
- Simply Wall St.
Increases to CEO Compensation Might Be Put On Hold For Now at Deutsche Lufthansa AG (ETR:LHA)
Key Insights Deutsche Lufthansa's Annual General Meeting to take place on 7th of May Salary of €1.89m is part of CEO...
- Reuters
Lufthansa, Air France-KLM to cut costs after tough first quarter
LONDON/GDANSK/FRANKFURT (Reuters) -Two of Europe's top airline groups, Lufthansa and Air France-KLM, announced cost cuts on Tuesday after labour disputes and high customer payouts linked to flight disruptions deepened first-quarter losses. The first quarter is often a loss-making one for airlines, with fewer bookings, but this year's was worse than expected for the two groups due to expensive strike action and disruptions due to capacity limits and cancellations. Air France-KLM said it would tighten spending for the rest of the year, including a freeze on hiring support staff.
- Reuters
EU decision on Lufthansa's ITA deal extended to June 13
EU antitrust regulators have extended the deadline on their decision on Lufthansa's 325 million euro ($348.5 million) bid for a 41% stake in state-owned ITA by a week to June 13, according to the European Commission website. The Commission has voiced concern about the proposed deal's impact on competition on short-haul routes between Italy and Central European countries, as well as on long-haul routes between Italy and the United States, Canada and Japan. The Italian government has urged the Commission to issue a timely decision on the fate of ITA, the successor to flag carrier Alitalia.
