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Boeing Delivery Delays: Lufthansa Says Over 40 New Aircraft "Should Have Flown Now Already" Lufthansa’s group CEO Carsten Spohr said on Monday that the core airline is struggling as the group’s new “problem child” as a result of delivery delays and higher costs that put it as a disadvantage compared to regional rivals. The Lufthansa Group as a whole includes Austrian Airlines, SWISS, Eurowings and Brussels Airlines for instance. With a 10% decrease in shares over the last six months according to Reuters, Lufthansa’s financial situation is fragile with profit warnings given rising costs having a severe impact. #lufthansa #lufthansaairlines #boeing #boeinglovers #australianairlines #swissairlines #eurowingsairlines #brusselsairlines #aviationnews #SasidharanMurugan #Itzmemsd

Boeing Delivery Delays: Lufthansa Says Over 40 New Aircraft "Should Have Flown Now Already" Lufthansa’s group CEO Carsten Spohr said on Monday that the core airline is struggling as the group’s new “problem child” as a result of delivery delays and higher costs that put it as a disadvantage compared to regional rivals. The Lufthansa Group as a whole includes Austrian Airlines, SWISS, Eurowings and Brussels Airlines for instance. With a 10% decrease in shares over the last six months according to Reuters, Lufthansa’s financial situation is fragile with profit warnings given rising costs having a severe impact. Read more at: https://lnkd.in/dnDXHx7v #aviation 2024-10-04 #

Boeing Delivery Delays: Lufthansa Says Over 40 New Aircraft "Should Have Flown Now Already" Lufthansa’s group CEO Carsten Spohr said on Monday that the core airline is struggling as the group’s new “problem child” as a result of delivery delays and higher costs that put it as a disadvantage compared to regional rivals. The Lufthansa Group as a whole includes Austrian Airlines, SWISS, Eurowings and Brussels Airlines for instance. With a 10% decrease in shares over the last six months according to Reuters, Lufthansa’s financial situation is fragile with profit warnings given rising costs having a severe impact. Read more at: https://lnkd.in/dnDXHx7v #AviationTalk #aviationnews #avgeek #aviation

Lufthansa Cargo reported a 3,700 percent increase in operating profit (adjusted EBIT) at €38 million for the third quarter of 2024 compared to €1 million in the same period last year in the traditionally seasonally weak third quarter for air freight. "With all passenger airlines operating at a profit, Eurowings, Austrian Airlines and Brussels Airlines even generated record results in the third quarter," says Carsten Spohr, Chairman, Executive Board and CEO, Deutsche Lufthansa. "Lufthansa Technik and Lufthansa Cargo also remain on track. At the same time, delayed aircraft deliveries, punctuality issues at our hubs in Germany and regulatory disadvantages are impacting our core brand. Lufthansa Airlines has therefore launched the Turnaround programme to address these and structural internal challenges." Jyothi Shankaran, Reji John #LufthansaCargo #LufthansaTechnik #DeutscheLufthansa #Lufthansa #Germany #LufthansaAirlines #aviation #revenue https://lnkd.in/drSHdusJ

🚀 BUSINESS NEWS 🚀 Lufthansa's financial woes have continued, with the German airline giant admitting it is “becoming increasingly challenging for Lufthansa Airlines to break even for the full year” 📉 Read more on ittn.ie 👉🏽 https://shorturl.at/F67kd #ITTNGroup #ITTNSwitchedOn

Lufthansa Airlines, has a serious profitability problem, a problem that CEO Jens Ritter does not hide, confirming the company's commitment to continue to recover the GAP, compared to other airlines of the Lufthansa Group. Lufthansa aims to be the leading premium airline in Europe "and, of course, be profitable again", said Jens Ritter, CEO #Lufthansa. 📰 https://lnkd.in/dnmZYm3X #LufthansaGroup #aviation #airlines #wetravelnews WEtravel NEWS #wetravelaviation WEtravel AVIATION

Although the beginning of the year is typically a low season for Austrian Airlines, several factors contributed to an adjusted EBIT of -62 million euros in the first six months of the current year. This result is significantly lower than the airline's expectations. The main contributor to the negative result was the months-long wage dispute at the beginning of the year, but the first half of 2024 also presented other challenges, including the situation in the Middle East, adverse weather conditions in Europe, the rising location costs, stagnating ticket prices and two prolonged fleet disruptions at Austrian Airlines. Furthermore, initial investments to expand the fleet on long-haul routes with the new #Boeing #B787-9 #Dreamliner impacted the first half of 2024 results. https://lnkd.in/dKxh7Pnv #austrianairlines Annette Mann Francesco Sciortino Lufthansa Group #airlines #aviation #wetravelbiz Wetravel.biz #wetravelaviation Wetravelaviation

[EXTRANS] Weekly Market Trends in the Aviation Division 📌 What are the key upcoming events in the aviation sector? Air Cargo General - Week 4 🔹 Lufthansa Group Completes Acquisition of ITA Airways – Five European airlines under one family. 🔸 Asia-Europe Air Cargo Market Showed Significant Growth Last Year – Demand is expected to increase this year, but challenges remain. 🔹 Air Cargo Market Remains Active Despite Supply Shortages – Freight rates, however, are on a downward trend. 🔸 Brussels Airport’s 2024 Cargo Performance Increases by 5% – 730,000 tons handled, supported by new airline operations. 🔹 Updates on GSA and Airline Trends Read more: https://lnkd.in/dm7aZp4x

One step away from the conclusion of the sale, according to press leaks reported by Corriere della Sera, the agreement for the sale of ITA Airways to Lufthansa is at risk, government sources seem to confirm the tension between the parties. Lufthansa Group has reportedly communicated to the #MEF (italian Ministry of Economy and Finance) that, according to an assessment by the German group, #ITAAirways has lost value in the last 6 months. Consequently, #Lufthansa is reportedly intending to pay the company, as part of the capital increase provided for by the agreement, a lower sum than initially agreed. Once again, when things seemed done, the surprises for the "new #Alitalia" do not seem to be over, #Italy certainly must not lose out, to favor the Germans. ❗#UPDATES in the article: https://lnkd.in/d2u8g7sa #aviation Ministero dell'Economia e delle Finanze #airlines WEtravel NEWS Wetravelaviation #wetravelnews #wetravelaviation

The basic LCC model has evolved in recent years, blurring the distinction between legacy and low-cost airlines to a point where perhaps a new model of airline has been created. What does the future look like for low-cost airlines? We take a look: https://hubs.li/Q030TWXc0