Deutsche Lufthansa AG ADR (DLAKY) - OTCQX
  • Today, 5:32 AM
    • Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) has delivered its first CSeries jet to launch operator Swiss International Air Lines (OTCQX:DLAKY), marking the company’s emergence as a direct competitor to challenge Airbus (OTCPK:EADSY) and Boeing (NYSE:BA) in the single-aisle passenger jet market.
    • The plane's development ran 2.5 years late and blew billions past its initial $3.4B budget, weighing on Bombardier’s stock price and triggering the replacement of most of its executive team.
    | Today, 5:32 AM | 6 Comments
  • Fri, Jun. 10, 6:23 AM
    • CFO Simone Menne has handed in her resignation, opening an unwelcome hole in the airline’s top management at a time when its strategy is in a state of flux.
    • Conflicts with labor unions over cost-cutting efforts remain unresolved, and the ramp up of the Eurowings low-cost arm has been sluggish.
    • Lufthansa shares -5.3% in Frankfurt.
    | Fri, Jun. 10, 6:23 AM
  • Wed, Jun. 1, 3:41 AM
    | Wed, Jun. 1, 3:41 AM | 12 Comments
  • Mon, May 30, 2:21 AM
    • Lufthansa (OTCQX:DLAKY) will suspend flights to Venezuela next month "until further notice" as it struggles with the country's economic downturn and strict currency controls.
    • American Airlines also canceled its Caracas route (to New York) recently, just three months after reinstating it.
    • According to the IMF, Venezuela's economy is projected to contract by 8% in 2016, with the average rate of inflation expected to surge to near 500%.
    | Mon, May 30, 2:21 AM | 6 Comments
  • Tue, May 3, 4:08 AM
    • Germany's DAX has dipped below the 10K mark, weighed down by the Q1 results of big corporate names including Lufthansa (OTCQX:DLAKY), BMW (OTCPK:BAMXY) and Commerzbank.
    • Pricing pressure took its toll on Lufthansa, driving the airline to scale back its capacity growth plans, as the terror attacks in Paris and Brussels affected bookings.
    • BMW managed to beat expectations on its margin level but missed on earnings before interest and tax, as a record quarter for luxury car sales failed to offset currency headwinds.
    • DAX -1.6% to 9,950.
    | Tue, May 3, 4:08 AM
  • Thu, Apr. 14, 3:43 AM
    • Relatives of those killed on a Germanwings flight last year are suing a training unit of the airline's parent, Deutsche Lufthansa (OTCQX:DLAKY), in Arizona for wrongful death.
    • Andreas Lubitz flew his jet into the French Alps on March 24, 2015, killing 150 passengers and crew.
    • The families maintain Lufthansa's Airline Training Center Arizona was negligent in failing to discover the pilot's medical history before admitting him to the program in 2010.
    | Thu, Apr. 14, 3:43 AM | 2 Comments
  • Wed, Apr. 6, 10:31 AM
    | Wed, Apr. 6, 10:31 AM | 1 Comment
  • Mon, Mar. 21, 12:58 PM
    • Lufthansa (OTCQX:DLAKY -1.7%), the first operator of Airbus' (OTCPK:EADSY -0.5%) troubled A320neo jetliner, is placing conditions on taking delivery of more of the planes this year after holding back on putting its second into service.
    • The carrier will take formal delivery of its latest Neo "in coming days," said spokeswoman Anja Lindenstein, but like the first, the second plane will be restricted to routes within Germany amid concerns about an engine glitch.
    • While Lufthansa is prepared to operate two planes solely on domestic routes for now, Lindenstein said that Airbus "cannot have more aircraft flying with these restrictions given our extensive network."
    • Previously: Lufthansa: A320neo engine improving but not there yet (Mar. 17 2016)
    | Mon, Mar. 21, 12:58 PM
  • Thu, Mar. 17, 10:47 AM
    • Lufthansa (OTCQX:DLAKY -4.7%) says issues with the new engine of its A320neo plane are not fully fixed and as a result it is not ready to put more of the revamped jets into commercial service.
    • Airbus (OTCPK:EADSY -2.3%) missed an end-2015 target for the first delivery of its new best-selling plane after the engines, made by Pratt & Whitney (UTX +0.6%), needed longer than usual to start properly.
    • Lufthansa, which stepped in as the first operator when Qatar Airways refused to take the plane, took delivery of its first A320neo in January. The carrier is due to receive five more A320neo jets in 2016.
    • Previously: New snag for Pratt & Whitney engines (Feb. 26 2016)
    | Thu, Mar. 17, 10:47 AM
  • Thu, Mar. 17, 8:18 AM
    | Thu, Mar. 17, 8:18 AM
  • Thu, Mar. 17, 4:55 AM
    • Cement giant LafargeHolcim (OTCPK:HCMLY) posted a surprise loss of 2.86B Swiss francs ($2.9B) on the back of impairment charges, but maintained its dividend and said its on track to hit 2018 targets.
    • Lufthansa (OTCQX:DLAKY) reported a sharp rise in full-year earnings aided by lower fuel costs, while signaling the pace of improving financial results would slow in 2016.
    • U.K. Construction group Kier (OTC:KIERY) hiked its interim dividend by 12%, after posting a big rise in underlying operating profit.
    | Thu, Mar. 17, 4:55 AM
  • Wed, Jan. 20, 10:54 AM
    • Lufthansa (OTCQX:DLAKY -2.8%), Airbus' (OTCPK:EADSY -4.5%) largest airline customer and operator, has just taken delivery of the first A320neo.
    • The new plane reduces emissions and noise as well as burning 15% less fuel than current generation aircraft.
    | Wed, Jan. 20, 10:54 AM | 2 Comments
  • Dec. 30, 2015, 9:08 AM
    • Airbus (OTCPK:EADSY) is pushing back the delivery of its first A320neo aircraft by "a few days," missing a goal to hand over the revamped jet to its initial customer by the end of 2015.
    • Lufthansa (OTCQX:DLAKY) stepped in to become the first airline due to take delivery of the A320neo earlier this month after Qatar Airways voiced uncertainty over the technical performance of its Pratt & Whitney engines.
    | Dec. 30, 2015, 9:08 AM
  • Dec. 17, 2015, 8:03 AM
    • Lufthansa (OTCQX:DLAKY, OTCQX:DLAKF) skirted around a report that Merck KGaG CEO Karl-Ludwig Kley was in line for the chairman position.
    • The German airline company would only confirm that Wolfgang Mayrhuber was elected to serve a term until 2018.
    | Dec. 17, 2015, 8:03 AM
  • Nov. 29, 2015, 10:28 AM
    • Looking to avoid further strikes, Lufthansa (OTCQX:DLAKY) has reached an agreement with trade union Verdi on the wages and pensions of around 33K ground staff and other personnel.
    • The deal gives all full-time employees a one-off payment of €2,250 and a 2.2% pay increase for the next two years.
    • Disputes with several of the airline's unions has led to regular industrial action over the past year, especially among pilots and cabin crew.
    • Previously: Lufthansa hopes to resume operations after longest-ever strike (Nov. 13 2015)
    | Nov. 29, 2015, 10:28 AM
  • Nov. 27, 2015, 7:17 AM
    • German pilots union Vereinigung Cockpit is confident it can come to a deal that will allow it to take part in a round table discussions organized by Lufthansa (OTCQX:DLAKY) management to defuse tensions over job and growth prospects.
    • Lufthansa asked unions representing the pilots, cabin crew and ground staff to the meeting on Dec. 2 but the pilots' union initially said it was unlikely to take part in the talks because of legal concerns.
    • "Since then, management has approached us to overcome these legal hurdles," VC said in an internal document seen by Reuters.
    • Related: Lufthansa cabin crew union calls off strike (Nov. 25 2015)
    • Related: Lufthansa hopes to resume operations after longest-ever strike (Nov. 13 2015)
    | Nov. 27, 2015, 7:17 AM
Company Description
The Lufthansa Group is an aviation group with global operations and a total of more than 400 subsidiaries and associated companies. It is divided into four business segments, which cover the areas of passenger transportation, airfreight and airline services: Passenger Airline Group, Logistics,... More
Sector: Services
Industry: Trucking
Country: Germany