May 04 2021, 5:53 PM
May 04 2021, 1:56 PM
May 04 2021, 5:53 PM
(Bloomberg) Deutsche Lufthansa AG asked shareholders for permission to raise 5.5 billion euros ($6.6 billion) in fresh capital, calling it a necessary step to repair the balance sheet after the coronavirus pandemic punctured a decades-long boom in air travel.
(Bloomberg) Deutsche Lufthansa AG asked shareholders for permission to raise 5.5 billion euros ($6.6 billion) in fresh capital, calling it a necessary step to repair the balance sheet after the coronavirus pandemic punctured a decades-long boom in air travel.
At the German airlineâs annual meeting on Tuesday, Chief Executive Officer Carsten Spohr implored investors to back the motion, which would authorize the issuance of 2.15 billion new shares at a time of the carrierâs choosing.
Lufthansa, Heathrow Airport See Delayed Rebound as Virus Flares
This content was published on April 29, 2021 - 07:39
April 29, 2021 - 07:39
(Bloomberg) Deutsche Lufthansa AG reined in capacity plans and London’s Heathrow airport lowered passenger forecasts as new waves of coronavirus infections dent prospects for a travel rebound by the start of summer.
Lufthansa now expects to offer only 40% of its pre-pandemic capacity for 2021 as a whole, according to a statement Thursday, a figure that’s below the level it has said is needed to generate positive cash flow. Heathrow cut its outlook to as few as 13 million passengers, less than the number it attracted last year.
(Bloomberg) Deutsche Lufthansa AG reined in capacity plans and London’s Heathrow airport lowered passenger forecasts as new waves of coronavirus infections dent prospects for a travel rebound by the start of summer. Lufthansa now expects to offer only 40% of its pre-pandemic capacity for 2021 as a whole, according to a statement Thursday, a figure that’s below the level it has said is needed to generate positive cash flow. Heathrow cut its outlook to as few as 13 million passengers, less than the number it attracted last year. Airlines and the hubs they serve are wrestling with an uncertain outlook as governments work toward reopening travel while the virus surges in countries such as India. Europe remains in the grip of the pandemic amid a sluggish vaccine rollout, with the International Air Transport Association forecasting that the region will be the slowest worldwide to reduce losses this year. Lufthansa shares were trading down 1% as of 9:03 a.m. in Frankfurt. The German air