In a statement, German airline Group Lufthansa said, if the Wuhan coronavirus which has gone pandemic lasts for a long time, it would be very difficult for the airline industry to survive without state help. Lufthansa, which has slashed flight capacity, suspended its dividend and has introduced short-time working, said it was impossible to forecast…
Despite global trade tensions heightened consumer demand, in the form of e-commerce, is lifting the profit margins of air freight carriers. In a move that defies rising global trade tensions, e-commerce has become a driving force for air freight business thus significantly boosting the profit margins of many major airlines. According to the International Air…
The filing of bankruptcy by Air Berlin has led to a capacity bottleneck leading to cheaper fares getting sold off faster, which in turn has led to rising prices for air fares in Germany. On Thursday, Andreas Mundt, the head of a German cartel office told German newspaper Sueddeutsche Zeitung that airlines should not be…
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