Lufthansa vows extensive revamp as losses balloon

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Lufthansa has pledged a wide-ranging restructuring, from job cuts to sales of non-core assets, as it seeks to repay a 9 billion euro ($10.1 billion) state bailout and navigate deepening losses in the face of the coronavirus pandemic.

FILE PHOTO: Airplanes of German carrier Lufthansa are parked at the Berlin Schoenefeld airport in Schoenefeld, Germany, May 26, 2020. REUTERS/Fabrizio Bensch

“In view of the very slow recovery in demand, we must now take far-reaching restructuring measures,” said Chief Executive Carsten Spohr. Brussels Airlines will reduce its fleet by 30% and its workforce by 25% while Austrian Airlines’ fleet and personnel costs are to be cut by 20%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

БОГ Могущественный. Нет ЕМУ ровни и помощников. БОГ Справедлив, Прощающий. ОН знает все что вы утаиваете, и то что делаете открыто. Бойтесь БОГА, Повинуйтесь Мне Пророку. Когда затрубят в Рог не сможете стать Верующими. Брат бросит сестру и родителей. Но никто не сможет скрыться.

they should release 99 lufthansaballoons

Во Имя БОГА, Любимого. Хвала Милосердному. БОГ один, нет божества другого. БОГ отмерил всем меру и жизнь. Люди, джины, народы и миры, все пройдут до Назначенного срока. Все вычислено и записано в Книге жизни. Неверным нет пути возврата, если даже пожелают заново праведно прожить.

Five-star revamp

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lufthansa supervisory board rubber stamps $10 billion state bailoutLufthansa's supervisory board has approved a 9 billion euro ($10 billion) government bailout that will force the German airline to give some of its prized landing slots to rivals. German state aid. Thought the EU were opposed to this yet they want to stop Britain. They need it to pay for the social distancing plane...
Source: Reuters - 🏆 2. / 97 Read more »

This $10 billion stock-picking hedge fund is long railroads and AmazonNew York-based hedge fund Soroban Capital Partners owns more than $1 billion worth of railroad company CSX as of the first quarter. Pro ❤❤❤❤❤❤❤❤❤❤
Source: CNBC - 🏆 12. / 72 Read more »

Facebook Pledges $10 Million To Racial Justice Campaigns“We all have the responsibility to make change,” Zuckerberg said, as he announced the pledge. No one stopped you from protesting cops killing white people and you’re truly pained by it. The fact that you decided to be mute at injustice doesn’t give you the right to mute others. You think money Issa solution RN? Whoopee!
Source: Forbes - 🏆 394. / 53 Read more »

J.J. Abrams’ Production Company and Foundation Pledge $10 Million to Anti-Racism Organizations'Words matter, listening is critical and investment is required,' read a statement from Bad Robot ...and people will still find something to bitch about with this So then the money shouldn't be going to BLM or Antifa then should it ?
Source: people - 🏆 712. / 51 Read more »

Amazon raised $10 billion bonds at record-low borrowing costs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That's basically free money How much $ does $DISH need for its network build? Who is their unnamed strategic partner? Hmmmm 🤔 Safe bond clever save build nice bond ladder.. Highligted small interest bonds 3-7% over dollar most of higher interest rates bonds trading 20-30% over dollar... Amazon credit rating safe....
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bad Robot, Katie McGrath & J.J. Abrams Foundation Pledge $10 Million for Anti-Racist OrganizationsBad Robot Productions and the Katie McGrath & JJ Abrams Family Foundation announced charitable donations to a number of organizations “committed to anti-racist agendas.” In a statem… I wish theyd donated 10 million to better screenwriters StarWars There’s money to be made from race baiting Shame all those business owners who had their establishments destroyed aren’t getting the same help fine
Source: Variety - 🏆 108. / 63 Read more »