Yahoo Finance's Jared Blikre explains the evolution of the airline industry from the PanAm days to today's summer travel disruptions.
Lufthansa Chief Executive Carsten Spohr apologised to its employees and customers on Tuesday for travel chaos caused by labour shortages as demand has soared during the summer amid the lifting of COVID-19 restrictions. "We certainly made mistakes while saving our company and more than 100,000 jobs over the past two years," Spohr said in a letter to staff seen by Reuters. The company is recruiting new staff, including thousands of employees in Europe, but the efforts will only bear fruit in winter, Spohr said.
FRANKFURT (Reuters) -German airline group Lufthansa plans to fly the Airbus A380 again from summer 2023, it said on Monday, joining other carriers to announce a comeback for the superjumbo. Lufthansa said the move is in response to a rise in demand and delays in aircraft orders, adding that it has yet to decide on destinations and how many of planes to put back in the sky.