Tag: Deutsche (Page 1 of 3)

Lufthansa launches direct flights from Hyderabad to Frankfurt

January 19, 2024 / WIL BALDWIN

Furthering its commitment to India and enhancing its presence on the subcontinent, Deutsche Lufthansa AG (Xetra: LHAG) German Airlines is pleased to announce direct services from Hyderabad, capital of the Indian state of Telangana and Frankfurt, Germany.

Once known as the City of Pearls due to its historical significance in the pearl and diamond trade, Hyderabad has long been a hub for merchants and traders from all over the world. Today, Hyderabad is India’s 4th largest city, an emerging technological, aerospace and Indian pharma hub, with a strong presence of major multinational companies including Google & Microsoft as well as Boeing & Airbus. As a growing capital city in a prosperous state, both Hyderabad and the State of Telangana have contributed to the economic success of India today. An investment hub as well as a centre for innovation, Hyderabad combines the old-world charm of its rich history with the dynamism of 21st century India.

As the leading European carrier in India, Lufthansa now operates direct connections from Germany to 5 destinations in the country with Hyderabad-Frankfurt being the latest addition to its global network. As the fastest growing major market for Lufthansa globally, capacity growth in India exceeds pre-pandemic levels.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Lufthansa connects India Silicon Valley to Munich and beyond

November 8, 2023 / WIL BALDWIN

Deutsche Lufthansa Group AG (Xetra: LHAG) connected the Indian metropolis of Bengaluru with Munich, the capital of Bavaria when its new service began on November 4, 2023. Alongside Delhi and Mumbai, Bengaluru is the third Indian city with a direct connection for travelers via Lufthansa’s 5 star Munich hub and is India’s third-largest city. The Indian city serves an IT hub and a center of the aerospace industry.

India in Focus

With a legacy in India that spans more than 90 years, the Lufthansa Group will be operating 64 weekly frequencies between India and Europe by January 2024. The Indian aviation market is currently the 3rd largest globally. This Bengaluru-Munich service represents Lufthansa’s strong commitment to the Indian market as Lufthansa Group’s capacity to India now exceeds pre-COVID levels.

Currently operating service three times a week and conveniently arriving the same day at 8:05 in Munich, Lufthansa guests will enjoy their experience on one of the most modern and fuel-efficient long-haul aircraft, the Airbus A350-900. As with all services to India, local cuisine and catering will be offered to passengers onboard their direct service from India’s “Silicon Valley” to Munich and beyond.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Lufthansa bringing back A380 to Los Angeles International Airport

October 25, 2023 / WIL BALDWIN

Great news for Deutsche Lufthansa AG (Xetra: LHAG) customers in the Los Angeles area! The popular Airbus A380 will return to Los Angeles International Airport on October 26. With air travel surging in demand, the added capacity that the A380 brings to the LA region will provide the much-needed increased volume that the market requires.

Flight LH453 will depart Los Angeles at 6:30pm and arrive into Munich at 1:40pm, the following day. Flight LH452 will depart Munich at 12pm and arrive back in Los Angeles at 4:15pm. All times are local. The already daily operating flights, now have increased capacity due to the placement of the A380.

Due to the sharp rise in demand for travel and the delayed delivery of ordered aircraft, Lufthansa decided in 2022 to reactivate the Airbus A380, which is particularly popular with passengers and crews. By the end of 2025, a total of eight A380’s will once again be deployed for service to and from Munich.

Lufthansa City Airlines to start flight operations in Summer 2024

October 25, 2023 / WIL BALDWIN

October 25, 2023 – Deutsche Lufthansa AG (Xetra: LHAG) newly established City Airlines will start flight operations in the summer of 2024. The airline was founded last year and received its Air Operator Certificate (AOC) from the German Federal Aviation Authority back in June. It will operate its flights from the Munich and Frankfurt hubs and thus also offer feeder flights for Lufthansa. City Airlines will operate alongside Lufthansa CityLine. Recruitment of operational staff will begin in November 2023, with pilots and cabin crew members needed for the launch.

The competitive strengthening of the short-haul network is essential for the market position of Lufthansa Group and for the planned growth of the long-haul segment in the German market.

In order to position City Airlines for the long term, English-speaking pilots are also being considered in the recruitment process for cockpit roles. Applicants with prior experience will be given preference during hiring. For Group employees interested in switching to City Airlines, offers with voluntary switching conditions can be negotiated. This includes Lufthansa CityLine staff in particular.

Talks with the social partners to agree on conditions for competitive and secure jobs have already begun.

Lufthansa customers and passengers can look forward to a Lufthansa customer experience on board City Airlines aircraft. While City Airlines will start operations with Airbus A319 aircraft, Lufthansa Group is currently also evaluating the possibility of using Airbus A220 or Embraer aircraft.

SBB connects Geneva Airport to the Swiss Air Rail route network

October 24, 2023 / WIL BALDWIN

Swiss International Air Lines AG, the flag carrier of Switzerland and a subsidiary of the Lufthansa Group (Xetra: LHAG), and SBB is expanding the Air Rail route network and adding Geneva Airport. Swiss passengers traveling via Lausanne, Freiburg or Bern train stations now have the choice between connecting to Zurich Airport or Geneva Airport. You can now book and use the new connection to or from Geneva Airport. For example, you can travel directly and comfortably from New York via Geneva to Lausanne, Freiburg or Bern. In addition, both companies are taking another important step in the technical integration of their system landscapes and will in the future provide Swiss Tickets with an SBB QR code. The aim is to improve boarding pass control and customer service. Since establishing their strategic partnership in October 2019, Swiss International Air Lines (Swiss) and the Swiss Federal Railways SBB have been continuously working to expand their joint service and product portfolio.

Travel comfortably with Swiss Air Rail

With this further step in the expansion of the intermodal offering, the Swiss Air Rail network now includes two airport stations and a total of 11 destinations. These include Geneva (main station), Freiburg, Bern, Interlaken, Lausanne, Lucerne, Lugano, Bellinzona and Basel in Switzerland as well as Munich in Germany and Bregenz in Austria. As with all Swiss Air Rail destinations, customers also benefit from the option of booking the entire trip in one step for connections to/from Geneva Airport. The train ticket is included in the Swiss flight price and can be booked online and at any travel agency. Passengers only need to check in once and receive all boarding passes directly from Swiss.

Click the link below to read the full story!

Swiss and SBB connect Geneva Airport

DHL fulfillment network adds capacity with new warehouse in Euskirchen

October 23, 2023 / WIL BALDWIN

Bonn, Germany, October 23, 2023 – As part of the expansion of the DHL (Deutsche Post AG-Xetra: DHLn) Fulfillment Network (DFN), DHL Supply Chain has now commissioned its fourth dedicated e-commerce warehouse in Germany. The fulfillment warehouse in Euskirchen will store, pick and pack orders from both large as well as small and medium-sized customers before shipping them within Germany, Europe or even to the rest of the world.

All customers benefit from an existing infrastructure that enables the integration of webshops and customer systems as well as connection to a range of parcel service providers. In this way, new companies can quickly and easily be integrated into the network. In addition, DHL provides its customers with a wide range of data and digital tools enabling them to drive their business with minimal effort. This allows inventory to be managed, each order to be monitored and sales trends to be tracked. Furthermore, all DFN fulfillment centers are run by trained DHL employees.

The DFN model was developed in Germany and currently has a global network spanning 30 locations around the world. The new Euskirchen site has a total storage area of over 60,000 square meters and has excellent connections to parcel centers and both Cologne/ Bonn and Duesseldorf Airport. Fluctuations in order numbers and inventory levels can be handled flexibly through specialist technology and dynamic staff deployment.

Lufthansa Group, Miles & More enter new Deutsche Bank and Mastercard partnership

July 12, 2023 / WIL BALDWIN

In the future, the Lufthansa (OTC: DLAKY) Miles & More Credit Card will be issued by Deutsche Bank. Mastercard remains partner for the cards. In a global tender, both companies prevailed in the bidding process. The switch will take place in mid-2025.

The common goal is to redefine loyalty. Customers will benefit from even more personalized offers and digital applications. In addition, existing card services will be expanded, such as additional insurance services and offers that support sustainable consumer decisions.

The switch to Deutsche Bank as the issuing institution will take place in summer 2025. Those who already have a Lufthansa Miles & More Credit Card do not need to take any action. All existing cards will remain valid until the changeover. Cardholders will be informed in good time about the transition date. The existing services will also remain the same with Deutsche Bank as the new partner. These include, for example, earning award miles on credit card sales, unlimited validity of award miles and the premium insurance package.

Miles & More credit cards were introduced in Germany in February 1999 and are now used in 20 other countries. Users can use their card for purchases at more than 100 million Mastercard acceptance points worldwide and even redeem their miles with MilesPay.

Stadler Sets Guinness Book of Records with FLIRT Akku Battery Only Train Journey

December 31, 2021 / WIL BALDWIN

The three unit FLIRT Akku used for the record journey has been developed by Stadler since 2016 as a local CO2 neutral mobility solution for the climate-friendly operation of unelectrified railway routes. The vehicle was approved by the German Federal Railway Office and introduced to the public for the very first time in 2018. Ever since when the FLIRT Akku test carrier has travelled around 15,000 kilometers in battery only operation, before setting the world record for a regional train journey in battery-only mode without additional charge now.

Climate friendly bestseller FLIRT

The first Fast Light Intercity and Regional Train was developed in 2002 at the request of the Swiss Federal Railways SBB for the Zug city railway. Ever since the unit was put into service, the FLIRT has turned into an international bestseller with over 2,000 vehicles sold. These vehicles are being operated in 20 countries in virtually all climate zones, from the equator to the polar circle, with 528 of them operating in Germany alone. The single-decker regional and intercity multiple unit convinces with its flexibility in the process. The trains are configured for normal and broad gauge tracks, with top speeds of 160 to 200 km/h. Thus, the FLIRT can be customized to any individual client requirements in terms of its drive technology, number of seats, passenger flow and interior design. The lightweight aluminum construction and common components help to keep the operating, energy and maintenance costs low. Besides electric, diesel or bi-modal drives, the FLIRT is also available with climate-friendly battery and hydrogen propulsion.

With the FLIRT Akku train sets, Stadler has developed a so called BEMU (battery-electric multiple unit) that will run as both a classic EMU (electric multiple unit) under overhead contact cable or battery-operated on un-electrified routes. This makes it optimal for partly electrified routes that currently still need to be served with diesel trains. Stadler had already won the first green technology tender in Germany and sold 55 FLIRT Akkus to NAH.SH, the Schleswig-Holstein Local Transport Association in 2019. In November 2021, another order for 44 vehicles followed from Deutsche Bahn Regio. In addition Stadler is also building the first hydrogen-powered FLIRT for the San Bernardino County Transportation Authority (SBCTA) in the USA.

Lufthansa Group Successfully Secures Further Liquidity on the Capital Market

November 10, 2021 / WIL BALDWIN

Third corporate bond of 1.5 billion euros issued in 2021
Lufthansa Group takes advantage of favorable market conditions
Placement with two maturities of two and five-and-a-half years complements Lufthansa Group’s maturity profile

Deutsche Lufthansa AG (OTC: DLAKY) has again successfully issued a bond with a total volume of 1.5 billion euros. The bond, with a denomination of 100,000 euros, was placed in two tranches with terms of two and five-and-a-half years respectively. The tranche with a term until 16 November 2023 has a volume of 600 million euros and bears interest of 1.625 percent per year. The tranche with a term until 16 May 2027 has a volume of 900 million euros and bears interest of 2.875 percent. The two tranches over two and five-and-a-half years fit perfectly into the Group’s maturity profile.

Remco Steenbergen, Chief Financial Officer of Deutsche Lufthansa AG, stated: “The long-term funds, which were again raised at attractive terms, will be used to further strengthen the Lufthansa Group’s liquidity and refinance existing debt. This placement is one of several successful capital market transactions that we have executed since the end of last year and will further contribute to the full repayment of the government stabilization measures in Germany.”

Deutsche Post DHL Group Raises Guidance After Record Quarterly Earnings

July 7, 2021 / WIL BALDWIN

Bonn, Germany – Deutsche Post DHL Group (OTC: DPSGY), the world’s leading logistics company, has today released preliminary results for the second quarter of 2021. Simultaneously, the outlook for the current financial year and for 2023 has been raised. Furthermore, a one-time corona bonus¹ for approximately 550,000 employees worldwide has been decided. Preliminary operating profit (EBIT) for the second quarter has improved to record level with around EUR 2,075 million (Q2 2020: EUR 912 million) and has more than doubled compared to previous year. Against the backdrop of the excellent business performance, the Group has raised its EBIT outlook for 2021 to more than EUR 7.0 billion (so far: more than EUR 6.7 billion). The mid-term EBIT outlook for 2023 is now expected to be more than EUR 7.4 billion (so far: more than EUR 7.0 billion).

As an appreciation for their tireless efforts during the pandemic the Group has decided to grant again a corona bonus of EUR 300¹ to employees worldwide. This one-time payment is aimed at approximately 550,000 colleagues in all divisions and countries. Excluded are Executives. The corresponding expenses of around EUR 200 million will be booked in the third quarter 2021 and are already included in the updated earnings outlook for 2021.

All divisions significantly exceeded the previous year’s results. Network capacity utilization was constantly high in the second quarter 2021. B2C shipment volumes remained ahead of last year in all networks, while the recovery in the B2B businesses continued to gain momentum. At the same time the tight capacity situation both in Ocean and Air Freight markets remained unchanged.

Travel comfortably with Swiss Air Rail

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