Deutsche Lufthansa S Stock News

German national carrier Lufthansa on Thursday said it slashed its losses in the first quarter and set its sights on a record summer for tourist traffic as demand recovers from the pandemic.

Germany's flag carrier Lufthansa reported a bigger-than-expected quarterly loss on Thursday as rising fuel costs cancelled out revenue gains from booming travel demand after lifted COVID-19 restrictio

German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany's flag carrier Lufthansa to 10%, Kuehne Holding AG said in a statement on Monday.

Germany's flag carrier Lufthansa said on Friday it had signed a revolving credit facility of 2.0 billion euros ($2.17 billion) with a syndicate of international relationship banks to boost its liquidi

German flag carrier Lufthansa said it would cancel some domestic flights to Frankfurt from Thursday, an announcement that follows a staffing shortage warning from Germany's biggest airport operator, F

With the geopolitical flashpoint in Ukraine burning red hot, these travel stocks could feel serious pain if the conflict escalates further. The post 7 Travel Stocks That Could Be Tripped Up by the Rus

From food producers to airlines and automakers, companies across industries are facing a squeeze on profits after Russia’s invasion of Ukraine sent energy and commodity prices soaring.

Ukraine Invasion Set to Squeeze Profits from Danone to Lufthansa

The price of oil has surged to its highest level since 2008 after Russia''s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to recover from a pandemic-related dip in demand. Some airlines have oil hedges that will help offset portions of the price increase, while Malaysia''s AirAsia on Saturday introduced fuel surcharges on tickets for the first time since 2015. Other carriers are fully unhedged, including European budget airline Wizz Air and US majors United Airlines , American Airlines and Delta Air Lines, though the latter owns an oil refinery. The oil price increase comes as many carriers are forced to fly longer routings to avoid Russian and Ukrainian airspace. Air France KLM The airline has hedged 72% of oil consumption for the first quarter and 63% for the second quarter at $90 a barrel, with smaller amounts hedged in the second half, it said in a results presentation on Feb. 17. Air New Zealand The airline has hedged 1.34 million barrels of oil in the current half ending June 30 and 707,500 barrels in the following half year period, it said in a results presentation on Feb. 24.

The price of oil has surged to its highest level since 2008 after Russia's invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to recover from a pandemic-related

ZURICH, Switzerland: Switzerland''s newly adopted tough stance on Russia has forced the Swiss economy to readjust to sanctions, blowing a wind of panic through the raw materials market in particular. Switzerland announced Monday it would follow the sanctions being imposed by the European Union, abandoning Bern''s traditional reserve by ordering the immediate freezing of assets belonging to Russian companies and individuals appearing on the EU blacklist. And it went further on Friday, adopting even stricter EU sanctions applied in response to Moscow''s February 24 full-scale invasion of Ukraine. Exporting goods that could enhance Russia''s military capabilities is prohibited, as is the exportation of certain goods and services in the oil sector, and aviation technology. "The implementation of these sanctions is compatible with Switzerland''s neutrality," the government insisted in a statement. The wealthy Alpine nation''s businesses are complying with the sanctions but have also stressed that Russian money accounts for only a fraction of their turnover, in an attempt to reassure investors.

The cargo division of German flag carrier Lufthansa anticipates a 10% loss in shipping capacity between Asia and Europe for its own operations and for the industry overall because of sanctions that ha

Materialise NV (NASDAQ: MTLS) Q4 2021 earnings call dated Mar. 03, 2022 Corporate Participants: Harriet Fried — Senior Vice President, LHA Peter Leys — Executive Chairman Wilfried Vancraen — Chief Executive Officer Johan Albrecht — Chief Financial Officer […] The post Materialise NV (MTLS) Q4 2021 Earnings Call Transcript first appeared on AlphaStreet .