|Bid||22.93 x 948200|
|Ask||22.94 x 1900800|
|Day's Range||22.50 - 22.96|
|52 Week Range||17.81 - 31.26|
|PE Ratio (TTM)||4.54|
|Forward Dividend & Yield||0.56 (2.44%)|
|1y Target Est||N/A|
BERLIN/OSLO (Reuters) - Lufthansa (:LHAG.DE) is in contact with Norwegian Air Shuttle, which is also the subject of bid interest from British Airways owner IAG, as the German airline looks to get involved in an expected wave of deals in the sector, its CEO told a newspaper. Shares in Norwegian Air (:NWC.OL) jumped more than 10 percent on Monday following the comments by Lufthansa boss Carsten Spohr to Germany's Sueddeutsche Zeitung. Asked whether Norwegian would fit with the Lufthansa group, Spohr said: "Takeovers are always a question of strategic value, the price and anti-trust.
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health toRead More...
An explosion of e-commerce demand is buoying the air freight business, boosting profit at some major airlines despite global trade tensions and underscoring robust consumer confidence. Air freight demand is expected to rise 4 percent this year, the International Air Transport Association (IATA) said at its annual meeting this week in Sydney. Top beneficiaries will be freight-heavy carriers like Hong Kong's Cathay Pacific Airways, Dubai's Emirates, Germany's Lufthansa and Korean Air Lines.
German airline Lufthansa (LHAG.DE) will firm up details of its planned staff shake-up by the end of August, management board member Bettina Volkens told German weekly WirtschaftsWoche. "We are currently talking about that with labor representatives ... Details should be decided on at the end of August," the magazine quoted her as saying in an interview published on Friday. Lufthansa is seeking to take on staff with new skills to make itself fit for the digital age and is planning to make offers to 3,200 older administrative staff at its namesake brand to either undergo training, switch to another position internally or leave the company.
Lufthansa (LHAG.DE) did not make any additional profit on domestic German routes after the collapse of local rival Air Berlin, and prices did not go up by as much as determined by the cartel office, an executive at the airline said on Wednesday. The German cartel office on Tuesday said that Lufthansa tickets were on average 25 to 30 percent more expensive after the insolvency but that it would not be instigating a full investigation into market abuse. "We did not purposefully increase ticket prices, but we did purposefully increase capacity," Lufthansa board member Harry Hohmeister told Reuters.
Lufthansa (:LHAG.DE) will not be investigated for market abuse over rising ticket prices following the collapse of local rival Air Berlin (XETRA:AB1.DE - News), the German cartel office said on Tuesday. The watchdog had received complaints over high ticket prices and had been looking into the matter with a view to decide whether to instigate a full investigation. Air Berlin collapsed in October last year, leaving Lufthansa with a monopoly on some German domestic routes for a few months.
Tari, a new open-source blockchain protocol, aims to redefine the digital asset experience. Backed by institutional investors including Redpoint, Trinity Ventures, Canaan Partners, Pantera and Multicoin Capital, its founders Riccardo “fluffypony” Spagni, lead maintainer of the Monero cryptocurrency; Naveen Jain, a serial entertainment industry entrepreneur; and Dan Teree, co-founder of Ticketfly, hope to simplify the management, trade, programmability and use of all digital assets.Current State of Digital Assets“Today, most digital assets such as event tickets, in-game items, loyalty points and virtual currencies are siloed due to restrictions that limit their use and secondary market trade,” Jain said in an interview with Bitcoin Magazine . Businesses primarily enact these restrictions to control assets after their distribution, verify an asset holder’s identity and prevent fraudulent counterfeiting.Siloed digital assets aren’t ideal for consumers or businesses. Consumers don’t enjoy “true” ownership of the digital assets they purchase or earn because they must comply with secondary market restrictions and regulations, and businesses miss out on billions of dollars generated from the secondary digital asset resales that occur on outside channels. For example, consider a frequent Delta flyer who takes one Lufthansa flight a year and is unable to trade his or her Lufthansa miles (that are unlikely to be redeemed) for Delta miles. Or, the millions of dollars in ticket resale revenues that artists like Beyoncé miss out on after issuing tickets for their world tours. Once Beyoncé sells a $100 ticket to the original buyer, she does not participate in the secondary market resale economics when the original buyer resells his or her ticket for $500, and the secondary market scalper turns around and sells the ticket a third time for $1000 the night before the show.Revamped Digital AssetsBy leveraging blockchain technology, the Tari protocol enables consumers and business to break down walled gardens between businesses, sell and trade scarce digital assets with programmed rules, and record immutable transfer and verification of ownership. The Tari protocol hopes to unlock additional utility for digital asset users and enable “true” digital asset ownership and control. By utilizing the Tari protocol, the aforementioned Delta flyer can perhaps trade his or her Lufthansa miles for Delta miles. And artists like Beyoncé can issue their world tour tickets with programmed rules that allow them to capture and control secondary market value. Beyoncé could hard-code rules such as: tickets can only be resold three times, Beyoncé is entitled to 10 percent of any ticket resale, and tickets are not re-sellable 24 hours before the show.John Pleasants, former CEO of Ticketmaster and COO of Electronic Arts, thinks that the Tari protocol will open up free trade between a variety of industries.“[Tari] can help the entire live entertainment industry recover billions in lost revenue by better controlling how tickets are sold and resold. From a gaming perspective, the ability to buy and sell virtual goods on a distributed system across different platforms can greatly improve both monetization for publishers and the overall consumer experience.”Tari Protocol: Under the HoodAccording to Spagni, the Tari protocol will be built on top of Monero. Specifically, Tari will be a merged-mined sidechain of Monero. Merged-mining allows for two cryptocurrencies to be mined simultaneously based on the same algorithm. In this case, it is Monero’s proof of work algorithm that miners must solve.The Tari token powers the Tari protocol, serves as an incentive for miners to mine Monero and for valiators to accurately validate the network’s rules. “To give miners an incentive to merged-mine your chain, there needs to be a reward. We can’t pay them in Monero, so we need to have a native token that merged-miners receive. Tari tokens will also be used as an incentive for rule validation. Users have the opportunity to put Tari tokens in an escrow account and passively run a program that validates [protocol] rules on their computer. If they behave and validate the rules correctly, they will earn tokens and keep their escrow,” explained Spagni.Merged-Mining with MoneroBecause Tari is merged-mining, the team doesn’t have to recruit new miners. Instead, Monero mining pools can “flip a switch” (tweak their settings) and mine both Monero and Tari simultaneously. Spagni also pointed out that merged-mining with Monero’s proof of work system doesn’t incur additional electricity costs or environmental damage risks traditionally associated with proof of work, since miners aren’t burning more cycles.Spagni also noted that, “All the proof of work chains burn less electricity than Visa. We are getting to a point where a solid proof of work chain can provide the same, if not greater, capabilities of Visa.”Tari CommunityThe Tari team noted that there is no “core team” for Monero. Jain noted, “We don’t want single points of failure. We are co-founders and contributors. But, not the only contributors. There are lots of smart people within and outside the organization. We want far more external contributors than internal contributors. In fact, we want hundreds if not thousands of contributors over time.”For reference, the Monero protocol had around 150 contributors within the last 12 months. Potential IssuesAlthough Tari aims to revamp the way consumers and businesses interact with digital assets, the team has various obstacles to overcome.AdoptionIs it favorable for businesses to allow their assets to trade on a secondary market? And will businesses amend their terms and user agreements to allow secondary market liquidity for their digital assets? For example, airline loyalty points are currently an illiquid market. Wall Street analysts have pointed out that the sale of these loyalty points can equal up to half of an airline’s yearly earnings before interest and taxes, but airlines might want loyalty points to expire unredeemed. That way, airlines can increase revenue, without having to discount travel for customers who don’t take advantage of their loyalty points.Scalability Because the Tari protocol intends to become the underlying protocol for the transfer of digital assets, they will need to handle “many tens of thousands of transactions per second,” according to Jain. The team plans to use lightning as the primary throughput mechanic for Tari. Spagni explained, “We’re building a standards compliant lightning router, that will be compatible with Bitcoin, Monero and Tari. We will also achieve additional throughput by building a MimbleWimble chain. This way, transactions won’t be stored on the blockchain in their entirety, just kernels.”The Tari protocol has yet to deploy a test network boasting any transaction capabilities, not to mention Visa-level performance. Disclosure: The author has an investment in Tari. This article originally appeared on Bitcoin Magazine.
Lufthansa will introduce an Economy "Light" fare on transatlantic routes this summer, the German airlines group said on Tuesday, following a similar move by rival British Airways in an effort ...
Airlines want to help passengers survive long flights with meditation exercises. Australian airline Qantas (QAN.F) is adding 10-minute meditation sessions to its flights, the company announced this month. Today, when most people board an airline flight, they expect access to a shared movie and maybe reliable Wi-Fi — but how about a blood-pressure checkup or a live theater performance?
FRANKFURT/BERLIN (Reuters) - Lufthansa (LHAG.DE) and other airlines canceled flights on Wednesday after a system failure hit the operator of Frankfurt airport, Germany's largest hub. Airport operator Fraport (FRAG.DE) said a database system used by airlines to deploy staff went down from around 0100 to 1130 GMT on Wednesday. In total 70 flights of a planned 1,560 were canceled, including 23 cancellations at Frankfurt's main airline, Lufthansa.
PARIS/BERLIN (Reuters) - Air France-KLM's (:AIRF.PA) next CEO faces an unenviable task if they want to avoid the fate of Alitalia. The manager needs to deal with union resistance to restructuring at its core Air France brand, keep increasingly frustrated KLM staff onside and battle rising oil prices. The Franco-Dutch airline on Tuesday named Chief Financial Officer Frederic Gagey as interim CEO as part of a transitional team, replacing Jean-Marc Janaillac, who quit earlier this month after he lost a vote on a pay proposal.
Lufthansa and two other parties have expressed interest in acquiring Alitalia as part of a sale process for the troubled Italian airline.
Blockchain technology has the potential to shake up the travel industry by giving airlines and hotels a way to bypass controlling intermediaries like Expedia (NasdaqGS:EXPE - News) or Amadeus (:AMA.MC) and gain better access to customer data. Major players including Lufthansa (:LHAG.DE) and citizenM hotels are partnering with startups and talking to large corporate clients about whether they can do group bookings via blockchain instead of using middlemen, who charge up to 25 percent of ticket or room prices in fees. Blockchain, which functions as an online record-keeping system maintained by a group of peers rather than a central agency or authority, also offers new business opportunities in tracking bags and flight delays.
Lufthansa has canceled more than 800 flights planned for Tuesday, around half of its scheduled services, after public sector union Verdi said it was extending walkouts to airports. Most of the cancellations ...
Delta (DAL) posts a substantial rise in February traffic owing to higher demand for air travel. Load factor in the month increases on the back of traffic growth outpacing capacity expansion.
Spirit Airlines' (SAVE) pilots ratify a five-year contract related to pay hikes. It remains to be seen how this affects the company's bottom line going forward.
Persistent high labor and fuel costs affect bottom-line growth at Alaska Air Group (ALK). Declining passenger unit revenues and capacity overexpansion also raise concerns.
United Continental's (UAL) traffic rises in January. However, load factor falls due to capacity expansion exceeding traffic growth.
Nearly 100 Belgian companies called on Monday for Germany's Lufthansa to keep Brussels Airlines based in Belgium and not to merge it with Eurowings, as the German carrier replaced the Belgian airline's top management. Lufthansa (:LHAG.DE), which took control of the Belgian national flag carrier in 2016, on Monday appointed a new chief executive officer and chief operating officer at the airline. Christina Foerster will take over the helm of Brussels Airlines on April 1, Brussels Airlines said in a statement on its website after a board meeting.
Fleet, a startup focused on making international logistics less onerous for small companies, announced that it has raised a Series A of $10 million.
Lufthansa has cut its growth plans for the year citing a lack of planes and crew after reporting a 70-percent jump in profit for 2017. As Sonia Legg reports, the German airline group plans to increase capacity by 9.5 percent this year, down from plans in January for a 12 percent increase.