Turkish Airlines quickly overcame the negative financial effects of the Covid-19 pandemic, while Lufthansa's recovery period has been more difficult.
Union representing pilots at Lufthansa calls off planned two-day strike after last-minute agreement with Germany’s biggest airline in pay dispute.
Labour union Vereinigung Cockpit says that pay talks with Lufthansa has failed and called on pilots at both the passenger airline and at Lufthansa Cargo to walk out.
A union representing Lufthansa pilots said early Thursday that they will stage a walk-out after demands for a pay increase were rejected by management.
The Vereinigung Cockpit union is calling for a 5.5 percent pay increase this year and an automatic adjustment for inflation starting next year.
About 134,000 passengers had to change their travel plans or cancel them altogether after ground staff at Germany's Lufthansa airlines went on strike, prompting the cancellation of more than 1,000 flights.
The list of global companies cutting ties with Russia continues to grow as sanctions against Moscow rack up over its attacks on Ukraine.
The airline will use the net proceeds to repay a chunk of the $10.5 billion government bailout it received last year to stay afloat throughout the Covid-19 pandemic.
Lufthansa shares jumped as much as 20 percent after its top shareholder dropped his objections to a $10 billion government bailout.
Since the pandemic hit Europe, the Lufthansa group has been bleeding one million euros per hour, with around 90 percent of its 760-aircraft fleet grounded.
The WHO "has implemented a temporary pause... while the safety data is reviewed", its chief Tedros Adhanom Ghebreyesus said, referring to the hydroxychloroquine arm of a global trial of various possible treatments.
Germany throws Lufthansa a $9.8 billion lifeline, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
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