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Lufthansa


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Airlines in Europe skid after Ryanair darkens summer view

BUZZ-Airlines in Europe skid after Ryanair darkens summer view ** Shares in Ryanair RYA.I slump after the budget airline missed Q1 profit estimates and warned of "materially lower" fares for key summer season, dragging down its peers ** "If last year the buzzword was 'revenge travel', then this year it would appear to be more 'normalised demand',"
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STOXX at the open: airlines grounded, tech up

LIVE MARKETS-STOXX at the open: airlines grounded, tech up STOXX 600 up 0.5% Ryanair drags airlines lower Tech snaps 5-day losing streak Wall Street futures inch up Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com STOXX AT THE OPEN: AIRLINES GROUNDED, TECH UP Sharp falls in airline stocks after a profit miss from Ryanair RYA.I stood out on Monday in an otherwise generally positive
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Airbus says pressure on airline yields not yet impacting jet demand

Airbus says pressure on airline yields not yet impacting jet demand LONDON, July 21 (Reuters) - There are some signs of a decline in airline yields but this is not yet affecting demand for new aircraft, Airbus's AIR.PA planemaking chief Christian Scherer said on Sunday. Speaking ahead of the Farnborough Airshow, Scherer also said Airbus aimed to beat its recently reduced delivery target of 770 planes for this year.
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ITA Airways expects revenues to exceed $4 billion in 2025, chairman says

ITA Airways expects revenues to exceed $4 billion in 2025, chairman says ROME, July 21 (Reuters) - Italy's carrier ITA Airways expects its revenues to exceed 4 billion euros ($4.35 billion) in 2025, earlier than forecast, its chairman was quoted as saying, after it reorganises operations under an agreement to sell part of the business. Earlier this month, German airline Lufthansa LHAG.DE won European Union antitrust approval to buy 41% of state-owned ITA for 325 million euros after agreeing to c
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What disruptions have been reported after the global tech outage?

FACTBOX-What disruptions have been reported after the global tech outage? Updates July 19 (Reuters) - A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike CRWD.O and Microsoft MSFT.O affected operations at airports, airlines, banks and media outlets on Friday . Here is a list of disruptions that have been reported across sectors: AIRPORTS, AIRLINES Airports and airlines around the globe warned of delays and cancellations or switched to manual check-ins, wi
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What disruptions have been reported after the global tech outage?

FACTBOX-What disruptions have been reported after the global tech outage? Updates with more companies, services July 19 (Reuters) - A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike CRWD.O and Microsoft MSFT.O on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of disruptions that have been reported: AIRLINES, AIRPORTS Airports and airlines around the globe have warned of delays and cancellations or sw
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What disruptions have been reported after the global tech outage?

FACTBOX-What disruptions have been reported after the global tech outage? Updates headline July 19 (Reuters) - A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike CRWD.O and Microsoft MSFT.O on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of disruptions that have been reported: AIRLINES, AIRPORTS Airports and airlines around the globe have warned of delays and cancellations or switched to manual chec
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Global tech outage delays flights and disrupts services around the world

FACTBOX-Global tech outage delays flights and disrupts services around the world Updates with more companies, services July 19 (Reuters) - A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike CRWD.O and Microsoft MSFT.O on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of disruptions that have been reported: AIRLINES, AIRPORTS Airports and airlines around the globe have warned of delays and cancellation
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Eurowings halts Germany, UK flights over IT outage

Eurowings halts Germany, UK flights over IT outage BERLIN, July 19 (Reuters) - Lufthansa's LHAG.DE Eurowings said it was halting domestic German flights as well as flights to and from Britain until departure at 3 pm (1300 GMT) on Friday due to a global cyber outage. "Delays and flight cancellations are to be expected throughout the day," the carrier said in a statement, adding that all passengers booked on domestic flights should book train tickets and hand them in for reimbursement.
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Germany's Scholz: international security agencies working together on IT outage

Germany's Scholz: international security agencies working together on IT outage BERLIN, July 19 (Reuters) - German security institutions are working with their international partners on an IT outage that impacted air travel, banking and a number of other companies and institutes on Friday, German Chancellor Olaf Scholz said. "There is currently nothing to say on this at my end," Scholz said during a visit to Belgrade, expressing calm as details still emerge.
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Swiss International says some flights delayed due to IT outage

Swiss International says some flights delayed due to IT outage ZURICH, July 19 (Reuters) - Swiss International Air Lines said on Friday that its systems had not been impacted by a global IT outage but Swiss flight operations have been affected due to disruptions at partner companies and air traffic control. So far two flights from Zurich to Berlin and back have been cancelled, and delays and further flight cancellations are to be expected in some cases, the company said.
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Two German hospitals cancel elective operations citing global IT outage

Two German hospitals cancel elective operations citing global IT outage BERLIN, July 19 (Reuters) - Two hospitals in the northern German cities of Luebeck and Kiel have cancelled elective operations scheduled for Friday, their operator said, citing a global IT outage linked to the cybersecurity company Crowdstrike CRWD.O . Patient care and emergency services are being maintained, the University Clinic of Schleswig-Holstein (UKSH) added in a statement.
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Eurowings affected by global IT malfunction, online check-in not possible

Eurowings affected by global IT malfunction, online check-in not possible BERLIN, July 19 (Reuters) - Lufthansa LHAG.DE subsidiary Eurowings said that it was affected by a global IT malfunction, and online check-in was currently not possible. The airport in the western German city of Dusseldorf said that it was experiencing disruptions to the check-in and boarding processes with Eurowings flights, and departures had to be checked manually.
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Berlin airport faces major disruptions amid global tech outage

CORRECTED-UPDATE 3-Berlin airport faces major disruptions amid global tech outage Corrects first paragraph to show flights were halted on Friday, not Monday BERLIN, July 19 (Reuters) - Berlin airport temporarily halted all flights on Friday due to a technical fault, a spokesperson told Reuters, adding that though check-in services were up and running again, there would be delays throughout the day.
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International air fares in Germany down 3% in first half 2024

International air fares in Germany down 3% in first half 2024 By Isabelle Yr Carlsson BERLIN, July 16 (Reuters) - After significant price increases in Germany last year, holidaymakers enjoyed 3.1% lower prices for flights abroad in the first six months 2024 compared to last year's period, the statistics office said on Tuesday. Economy class tickets in particular were significantly cheaper, with passengers paying 15.8% less for flights to Central America, 12.3% less to Asia and Australia, and 7.4
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Britvic, Burberry, Prudential

EUROPE RESEARCH ROUNDUP-Britvic, Burberry, Prudential July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Britvic, Burberry, and Prudential, on Tuesday. HIGHLIGHTS * Auction Technology Group ATG.L : RBC initiates coverage with sector perform rating; PT 540p * Britvic BVIC.L : HSBC raises target price to 1290p from 1100p * Burberry BRBY.L : JP Morgan cuts target price to 800p from 1050p * Prudential PRU.L : JP Morgan cuts target
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Top of the Street: BP, Lufthansa, Ocado

BUZZ-Top of the Street: BP, Lufthansa, Ocado A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Morgan Stanley cuts British oil firm BP BP.L to "equal weight" from "overweight", saying Q2 results of European energy groups are "unlikely" to surprise positively ** Stifel cuts Lufthansa LHAG.DE to "sell" from "hold", expecting "severe" pressure on consensus estimates for the German airline following Friday's profit warning ** Bernstein cuts Ocado OCDO.L to "un
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Stifel cuts Lufthansa to 'sell' on yields pressure, higher costs, inefficient capacity growth

BUZZ-Stifel cuts Lufthansa to 'sell' on yields pressure, higher costs, inefficient capacity growth ** Stifel cuts the German carrier Lufthansa LHAG.DE to "sell" from "hold", citing yields pressure, higher costs and inefficient capacity growth ** The company last week slashed its 2024 earnings guidance for a second time and issued a profit warning f
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Anglo American Plc, Capricorn Energy, Ericsson

EUROPE RESEARCH ROUNDUP-Anglo American Plc, Capricorn Energy, Ericsson July 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American Plc, Capricorn Energy and Ericsson, on Monday. HIGHLIGHTS * Anglo American Plc AAL.L : Barclays raises target price to 2740p from 2600p * Capricorn Energy CNE.L : Peel Hunt raises to add from hold * Ericsson ERICb.ST : Jefferies raises target price to SEK 82 from SEK 70 * Glencore GLEN.L : Ba
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Air France-KLM falls as HSBC downgrades to 'hold'

BUZZ-Air France-KLM falls as HSBC downgrades to 'hold' ** Shares of Air France-KLM AIRF.PA are down 1% after falling as much as 2.4% as HSBC downgraded to "hold" from "buy" ** It flags low traffic due to the Olympics and weaker efforts to restructure company cost base by the new French government ** "Unit costs increased by 4% YoY in Q1, and the co
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