The green light from the European Antitrust technicians comes after the remedies sent by the Mef and the Germans. It is the last act of the first von der Leyen Commission
Minister Giorgetti signed the final plan agreement at the last minute. Lufthansa waives the discount. Now it's up to the EU antitrust to decide. "Positive judgment" expected by November
A few steps away from the conclusion, Lufthansa asked to reduce the second tranche of the investment, set at 603 million euros, arguing that Ita had lost value in recent months
German airline sees higher Q2026 bookings than last year. Gross Ebit at 1,5 billion in XNUMX
Losses in all sectors of the aerospace giant, the new CEO Kelly Ortberg underlines the need for a "fundamental cultural change". Meanwhile Lufthansa focuses on AirBaltic while it must close with Ita Airways
Ita Airways closed the first half of 2024 with positive results, marking significant growth in revenues, EBITDA and number of passengers. While waiting for the closing with Lufthansa, the company is preparing the relaunch of the Alitalia brand by the end of…
In the half-year the company recorded a loss of 427 million. Launched turnaround program to increase efficiency. CEO Spohr: "EU ok for ITA participation among strategically decisive progress"
After the Ita-Lufthansa wedding, the first troubles arrive: layoffs coming for 2.245 former Alitalia workers and Brussels' focus on Lufthansa for the huge state subsidy during Covid. New board: who will lead it?
Another piece of Italy is leaving, after Tim and PagoPa. But for Giorgetti it is a great success. Today, a day early, the final approval from the EU Commission for the Ita-Lufthansa marriage arrived. With some stakes. Germans…
Increases from 1 to 72 euros for flights starting from January 2025. Reason: to cover sustainable fuel costs. Lufthansa is the first company to announce the surcharge, others will follow shortly. The cause? New EU regulations for…
Brussels has said the first yes to the marriage between ITA and Lufthansa after the remedies presented in recent days. Giorgetti: "The date is set, but anything can happen"
The agreement between ITA and Lufthansa risks definitive failure after the EU Antitrust ban on the Italian company's entry into the international joint with Lufthansa, United Airlines and Air Canada. The amateurism of the Meloni Government which rejected the Draghi project a priori…
The Italians and Germans are trying to get the approval for the merger from the Antitrust by proposing new "remedies". Final decision by July 4th. New summits in the next few days
Brussels has extended the deadline for the decision which is now expected on July 4th. There is therefore "all the time" to improve. But fears are growing that the final agreement will become uneconomic and therefore inadmissible
Lufthansa reported a net loss of 734 million euros and an operating loss of 849 million in the first quarter of 2024. However, the company expects a sharp increase in demand for the summer. And the stock goes down
The Meloni Government's haste to shelve the wedding project between ITA Airways with Delta and Air France to favor the Germans of Lufthansa and mark a turning point compared to the Draghi Government in air transport has so far not led...
The EU Commission has formalized the preliminary conclusions on the project to acquire joint control of Ita with Lufthansa and our Ministry of Economy. Vestager responds to Giorgetti: "Many mergers were approved in the past"
Lufthansa closed 2023 with the third best balance sheet ever, but the strikes weigh on the first quarter of 2024 and the stock goes into the red. The company returns to its dividend
The strike will last from 4am on Tuesday 20 February to 7am on Wednesday 21 February and will affect 7 airports: Frankfurt, Munich, Berlin, Dusseldorf, Hamburg, Cologne/Bonn and Stuttgart
From Brussels the Antitrust moves to "phase two" for an "in-depth investigation". The fears: "Do not reduce competition." The Mef: "Forward with determination"
The offer of the German company on Italian slots does not seem to satisfy Europe, paving the way for an extension of the ratings until June
The EU Antitrust wants to examine compliance with competition rules to avoid route concentrations by the German company. Giorgetti: “We're wasting time”
The news of the notification implicitly means that a first compromise has been found with the Antitrust. At stake are the Milanese slots
The Commission continues to request new documentation to complement the dossier. But in the background there is opposition from France which would not like Germany to take up more space. Furthermore, other European airlines are up for sale
Summer travel pushes the German airline's accounts: record revenues to 10,3 billion euros (+8%), profits to 1,19 billion (+47%) and an ebitda of 1,5 billion – Stock rallying in Frankfurt (+7,49%)
Iag, Lufthansa and Air France-KLM have already shown interest. The Airways-Lufthansa dossier on the table in Brussels
Lufthansa announced record results in the second quarter of 2023, but suffers in Frankfurt (-6%) - EU decision on Ita "by the end of the year"
Only with the green light from the European Antitrust will the parties be able to sign the definitive contract: thus Lufthansa will be able to acquire 41% of Ita by paying 325 million euros as a capital increase
The Mef and Lufthansa confirm the agreement that will allow the Germans to acquire a minority stake in Ita - The plan envisages revenue growth of 2,5 billion for 2023 and 4,1 billion in 2027 - Central role…
After months of negotiations, the official signing of the agreement is expected on May 25th. Lufthansa will immediately buy 40% of Ita for 320 million. Within 2 years it will rise to 95%, leaving a guarantee stake to the Italian State
In the first three months, 22 million passengers were transported. Great confidence for the summer. On May 9, at the annual shareholders' meeting, presentation of the dossier for entry into Ita
Lufthansa doubles revenue and passengers as it benefits from sharp increase in demand for air travel after loss-making years of the pandemic. And the title runs in Frankfurt
Lufthansa and Ita Airways have signed two Memorandums of Understanding with FS to develop a multimodal mobility offer. Here are the details
According to reliable sources, Lufthansa "will buy 40% of Ita for an outlay of between 250 and 300 million euros". Probable signing within the summer
Furthermore, the Treasury warned that "further details on the ongoing discussion will not be disclosed"
Initially the purchase of a minority stake will be defined to then increase to 100% and "options will be agreed for the subsequent purchase of the remaining shares"
The Meloni government risks repeating the flop of the Conte 1 government (Lega + Five Stars) and prolonging the curse of Alitalia with choices without an industrial foundation
MSC's withdrawal from the Lufthansa consortium and the German plan to hire 20 workers in the Cologne airline, especially in Germany, make the battle for the privatization of ITA Airways more uncertain than ever
CEO Lazzerini is also the only effective non-resigning member of the board. He should be entrusted with ordinary management pending the MEF appointing the new board which will have a reduced number of directors
Piazza Affari is queen of Europe thanks to Nexi, Ferrari and banks - Utilities under pressure after the EU Commission's proposals on the energy crisis - The German government definitively leaves Lufthansa
While the German airline reaches an agreement with the unions, in Italy, after the summer franchise has expired, today the first air strike of the season is proclaimed. Ita Airways cancels some flights
Last minute agreement reached between pilots union and air group management on wage increases to prevent repeat of major disruptions like last Friday
The German company has canceled 800 flights mainly on the hubs of Munich and Frankfurt. Despite the news, the stock jumps 2,68%
A memorandum could be signed by September with the consortium preferred by the MEF, but it would not be binding: the final word will be up to the next government
The consortiums are working to make the offers "consistent" as requested by Draghi: there are 7 points to be clarified. Answers by August 22nd
The companies improve the accounts, but the tug of war between the "air" sector and the "ground" sector remains. In view of new strikes in Europe, while in Italy they cannot be carried out from tomorrow until 5 September
The goal of the Ministry of Economy is to sign a preliminary agreement between June 13 and 17, to then conclude the deal by December
The logistics and cruise giant MSC and the German company Lufthansa have made an offer to the government to take over the controlling stake in Ita Airways - The answer is expected in a few days
The German company saved with public money last year is now regaining share, marking the return to profit: the title flies on the stock market with an opening at +4%. The growth was driven by the increase in voyages and records for the cargo division
Draghi also wants to mark a turning point in Alitalia: no more bailouts at the bottom of the list with taxpayers' money but the sale of slots and assets and an alliance with the Germans for an airline that must be able to stand...
The new Alitalia, which will take off in April, halves aircraft and personnel but the bill for taxpayers is still high: to restart the company, another 3 billion is needed, which brings the total cost over the years to 13 billion, a…
The collapse of air transport forces the German giant to cut costs, reducing personnel from 130 to 100 thousand - The CEO: "Winter will be a great challenge"
Swooping air traffic, jobs at risk, budgets in deep red and great uncertainties for the future - A snapshot of the aviation sector, one of the hardest hit by the crisis triggered by the Covid-19 emergency
Waiting continues for the decree that will set up the newco, possible meeting between the competent ministries next week - The new company's top management has the task of preparing the business plan - Lufthansa-Delta duel for alliances
The German airline is in a black crisis: in the second quarter passengers zeroed on an annual basis, record requests for reimbursement and an expected recovery no earlier than 2024 - 8.000 employees already laid off, at the end of the plan they will be 22.000.
The union agreement for 500 million cuts also goes through - The State becomes the first shareholder with 20% - Even EasyJet recapitalises: it issues new shares at a discount and collects 463 million
Ryanair, EasyJet and Lufthansa announce the suspension of almost all scheduled flights in the coming weeks and join the chorus of voices raising the alarm about the future of global aviation. Here's how to adjust
Social safety nets extended by 3 months, but the unions remain on a war footing - Meanwhile, negotiations continue with Lufthansa, which however does not discount redundancies
The CEO of the German company, Carsten Spohr, repeats that "before investing, you need an Alitalia newco"
Alitalia continues to lose 900 euros a day and will run out of cash in December - Race against time to avoid bankruptcy - Investments and redundancies: what Delta offers and what Lufthansa offers
The German company has sent a letter to Fs and Mise in which it formalizes its availability, but has set some stringent conditions
The German company comes forward but its seems more like a disturbance in the negotiations between Fs, Delta and Atlantia for Alitalia: it will not enter the capital of the newco
Rising costs, strikes, the tariff war and many geopolitical events (from the tariff war to Brexit) not to mention the Boeing crisis, are bringing airlines to their knees: balance sheets are crying and headlines…
The two airlines have decided to cancel flights to Cairo for security reasons - The UK Foreign Ministry: "Terrorism risk against aviation".
Lufthansa shares plunge after Sunday's profit warning. Competition from low-cost airlines weighs on the accounts of the German company. The last month of great maneuvers opens for the rescue of Alitalia.
EasyJet will continue to focus on Italy, but it will not save Alitalia - The British company itself puts it on paper in a note - Delta Air Lines towards 10% of the capital - Here are all the options on the table
The Germans return to office for Alitalia with a counter-proposal to the one formulated by the Americans of Delta Airlines: they no longer claim control of the Italian airline and reduce redundancies
Alitalia reduces losses but the cash register is crying and the search for a foreign partner to give the airline a future is moving away because no government political force - neither the Five Stars nor the League - if…
Delta and Air France-KLM are interested in entering the newco Alitalia alongside the FS by taking a 40% stake and with an industrial plan that provides for between 2 and 3 thousand redundancies - But the Germans of…
Lufthansa reduces its losses, but not enough: the stock collapses on the Stock Exchange (-7%) - CFO Svensson on Alitalia: "Under these conditions we are not interested" - The Council of Ministers extends the timing of the sale. Stocks soar in Frankfurt…
The top management of the German group presented a document to the extraordinary commissioners illustrating their ideas for a "NewAlitalia" - In all, three offers have been received for the Italian company - Calenda: "A decree is coming to postpone the...
Easyjet, Air France-Klm, Delta Airlines and the Cerberus investment fund. These are the names that make up the new consortium of four ready to challenge Lufthansa to take over Alitalia - Minister Calenda: "It won't end before March 4th".
The times for the sale are getting longer: the knot of redundancies pushes the government to stall - Lufthansa remains in the front row, but behind it there are now four other suitors.
The German company has a clear advantage over EasyJet and Cerberus and should start an exclusive negotiation in January - The aim is to close the sale by the beginning of February at the latest.
The German airline has confirmed that it has submitted an offer letter today, expressing interest in the creation of a "New Alitalia" - The offer concerns only the global network and for the point-to-point flight business in Europe And…
The number one of the German giant, Carsten Spohr, announced the victory of the tender, in which EasyJet also took part.
The company is at the limit of the Antitrust ceilings and excludes interest in long-haul flights
Lufthansa, Ryanair and Easyjet are looking exclusively at the flight part, and it is therefore unlikely that the outcome of the tender will lead to the sale of the entire group - Meanwhile, Delrio has advanced the possibility of allocating more public money to Alitalia, after the loan…
Also at the negotiating table are the Government of Berlin and other partners, in addition to the Tui tourist group, which has leased planes to Niki, which belongs to Air Berlin.
The German government is putting pressure on Lufthansa to buy the majority stake in Air Berlin, which ended up in bankruptcy, but the largest German company is only interested in taking over aircraft from the bankrupt competitor and does not exclude its interest…
The bankruptcy is costing Air Berlin shareholders dearly, which by midday lost 18% despite the government guaranteeing a bridging loan to continue operations. Those who instead take advantage of it, even on the Stock Exchange, are EasyJet and…
First expressions of interest for the disastrous Italian airline: Lufthansa calls itself out but the Arabs return to office, hoping for a relaxation of European constraints - Commissioner Paleari: "32 expressions of interest have arrived"
Lufthansa: "No interest for Alitalia" - Generali launches asset management plan in May and collects a golden 2016 - Intesa Sanpaolo: "Wealth management is our model", 10 billion dividends over 4 years - ECB, Dragons: "The…
Lufthansa responds to the rumors circulating regarding a possible interest by Lufthansa in the former national airline, so they are denied in no uncertain terms: "We have a clear intention not to buy Alitalia" - Fs also denies - Messia, CEO of Intesa Sanpaolo:…
The German company, however, returned to a positive level as regards the operating level - The adjusted net profit is positive and equal to 25 million.
What happens to those who have already bought (or would like to buy) a ticket from the company? What will happen after the commissioner? With what money will the company go on in the coming months? A brief guide to the Alitalia case
The Italian and German airlines have different histories but today they are both in crisis - The Arabs of Etihad have not managed to revive Alitalia for which the regret of having given up integration with Air France, of…
The airlines are in the spotlight: the German group has revised downwards its Ebit estimates for 2016 which will be "lower than last year's" due to growing political and economic uncertainties, and also to the attacks -…
The unrest, which began yesterday, grounded about a thousand flights - The Hesse court decision is the first decision in favor of the company since the dispute began - Lufthansa is ready to resume negotiations.
The better than expected result also came thanks to the early repayment of a bond loan maturing in 2017, convertible into JetBlue shares.
The German company knew of the depression of the co-driver Andreas Lubitz and this could bring it to its knees in the event of compensation for damages: a large sum will be set aside by the insurance company (Allianz), but it will almost certainly not be enough.
Lufthansa airline risks having to pay 350 million dollars in compensation for the tragedy of the Germanwings Airbus that crashed in the Alps - Lubitz, who was ill on the day of the accident, hid the certificate from the company that promises: never again a…
The plane of Germanwings, Lufthansa's low cost company disappeared from the radar around 10 am and the wreckage was identified near Dignes-les-Bains - Hollande: "It's a tragedy" - No survivors, still no hypothesis on the causes.
Here is a selection of the offers launched by the five most used airlines by Italians (Alitalia, Ryanair, EasyJet, Lufthansa and Meridiana) and by the main railway companies (Trenitalia and Ntv) and cruise companies (Msc and Costa Cruises).
The collapse in oil prices penalizes energy stocks but pushes airlines: brilliant increases in Frankfurt and Paris for Lufthansa (also supported by bookings) and Air France-Klm - Easyjet also did well in London in the wake of profits.
Tomorrow's protest on long-haul flights will last 18 hours, from 6 on Monday to midnight on Tuesday 21 October, and will partially overlap with the 35-hour strike on short flights, between noon on the 20th and…
It's a period of strikes and unease for the major carriers in the European skies - Yesterday the agitation of Lufthansa pilots grounded thousands of passengers and seems to be only the beginning of a longer protest - The strike…
After the tragedy of the Malaysia Airlines flight shot down in Ukraine, airlines continue to suffer on European price lists: Air France and Lufthansa still down.
The alliance has been extended to new routes – The agreement also includes aircraft maintenance, repair and overhaul services – The agreement should enter into force with the start of the winter schedule, at the end of October.
The mobilization has left 425 passengers grounded - 900 flights cancelled, but another 3 planes may not take off - The pilots are asking for a new contract and have left the negotiating table because the airline…
