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US imposes $2.5 million in airline penalties over delayed COVID refunds

UPDATE 1-US imposes $2.5 million in airline penalties over delayed COVID refunds Adds background, Lufthansa comment, no immediate comments from other two carriers By David Shepardson WASHINGTON, June 3 (Reuters) - The U.S. Transportation Department (USDOT) said on Monday it has imposed $2.5 million in civil penalties in total against Lufthansa LHAG.DE , Air France AIRF.PA unit KLM Royal Dutch Airways and South African Airways.
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US imposes $2.5 million in penalties against Lufthansa, KLM, South African Airways

US imposes $2.5 million in penalties against Lufthansa, KLM, South African Airways June 3 (Reuters) - The U.S. Transportation Department said Monday it has imposed $2.5 million in civil penalties in total against Lufthansa LHAG.DE , Air France AIRF.PA unit KLM Royal Dutch Airways and South African Airways. The civil penalties, the department said, are for significant delays in providing more than $900 million in refunds owed to passengers due to flights disrupted by the COVID-19 pandemic.
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Airline SAS posts bigger Q2 loss, eyes end to restructuring

UPDATE 3-Airline SAS posts bigger Q2 loss, eyes end to restructuring Adds detail in paragraphs 4-9, CEO quote in paragraph 10 By Elviira Luoma May 30 (Reuters) - Scandinavian airline SAS SAS.ST posted a second-quarter pretax loss that more than doubled from a year earlier on Thursday, while pledging to complete its restructuring this summer. The company's Chapter 11 plan of reorganisation was approved in March .
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Airline SAS posts bigger Q2 loss, eyes end to restructuring

Airline SAS posts bigger Q2 loss, eyes end to restructuring May 30 (Reuters) - Scandinavian airline SAS SAS.ST posted a bigger pretax loss for its fiscal second quarter compared to a year earlier and said on Thursday it intended to complete its financial restructuring during the summer of 2024. Reporting by Elviira Luoma, editing by Terje Solsvik
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Person dies in plane engine at Amsterdam's Schiphol airport

REFILE-UPDATE 1-Person dies in plane engine at Amsterdam's Schiphol airport Fixes spelling of Marechaussee May 29 (Reuters) - A person died after ending up in a running aircraft engine at Amsterdam's Schiphol airport, Dutch airline KLM AIRF.PA said on Wednesday. Dutch media had reported on the incident earlier on Wednesday, while the Dutch military police, Marechaussee, said in a tweet it was running an investigation.
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Person dies after ending up in plane engine at Schiphol airport, KLM says

Person dies after ending up in plane engine at Schiphol airport, KLM says May 29 (Reuters) - KLM AIRF.PA said on Wednesday there had been a fatal incident at Amsterdam's Schiphol airport, in which a person died after ending up in a running aircraft engine. Dutch media had reported on the incident earlier on Wednesday. The circumstances are under investigation, the airline, which is part of Air France-KLM AIRF.PA , said in a statement.
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Airlines, hotels, retailers fear being left out in Google's search changes

Airlines, hotels, retailers fear being left out in Google's search changes By Foo Yun Chee BRUSSELS, May 24 (Reuters) - Lobbying groups representing airlines, hotels and retailers have urged European Union tech regulators to ensure that Google takes their views into account, and not just large intermediaries, when making changes to comply with landmark tech rules.
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Antitrust worries risk clipping EU airlines’ wings

BREAKINGVIEWS-Antitrust worries risk clipping EU airlines’ wings The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Oliver Taslic LONDON, May 24 (Reuters Breakingviews) - Lufthansa LHAG.DE and other European airlines are trying to power up their engines with M&A. But the European Commission is hesitant to clear them for takeoff.
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Air France-KLM Announces Final Results Of Tender Offer On Two Series Of Existing Notes

BRIEF-Air France-KLM Announces Final Results Of Tender Offer On Two Series Of Existing Notes May 22 (Reuters) - Air France KLM SA AIRF.PA : FINAL RESULTS OF ITS TENDER OFFER ON TWO SERIES OF EXISTING NOTES EXISTING NOTES FOR TOTAL PRINCIPAL AMOUNT OF €452.7 MILLION HAVE BEEN TENDERED FOR PURCHASE IN TENDER OFFER €452.7 MILLION HAVE BEEN ACCEPTE
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Portuguese minister tells TAP CEO not to 'meddle' in privatisation

Portuguese minister tells TAP CEO not to 'meddle' in privatisation LISBON, May 21 (Reuters) - The head of Portugal's TAP should focus on running the state-owned airline and not "meddle" in its privatisation, which is a matter for shareholders, Infrastructure Minister Miguel Pinto Luz said on Tuesday. In an interview with the Financial Times published earlier on Tuesday, TAP CEO Luis Rodrigues called on the government to maintain a stake in the flag carrier and said he expected the sell-off to st
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LATAM Airlines expands frequency of Brazil international flights; Air France adds route

LATAM Airlines expands frequency of Brazil international flights; Air France adds route By Gabriel Araujo SAO PAULO, May 16 (Reuters) - LATAM Airlines LTM.SN will increase the frequency of seven of its international routes connecting Brazil to the United States and countries in Europe and Africa, it said on Thursday. The move by Chile-based LATAM, whose local unit is currently Brazil's No.
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Air France-KLM Announces Issuance Of New Bonds For Total Aggregate Amount Of €650 Mln

BRIEF-Air France-KLM Announces Issuance Of New Bonds For Total Aggregate Amount Of €650 Mln May 14 (Reuters) - Air France KLM SA AIRF.PA : ANNOUNCES THE SUCCESSFUL ISSUANCE OF NEW BONDS FOR A TOTAL AGGREGATE AMOUNT OF €650 MILLION PLACED NEW BONDS TODAY, FOR A TOTAL NOMINAL AMOUNT OF EUR 650 MILLION WITH A 5-YEAR MATURITY AND A COUPON OF 4.625%
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Air France-KLM To Buy Back Some Debt, Issue New Notes

BRIEF-Air France-KLM To Buy Back Some Debt, Issue New Notes May 13 (Reuters) - Air France KLM SA AIRF.PA : ANNOUNCES THE LAUNCH OF A TENDER OFFER TO REPURCHASE TWO SERIES OF EXISTING NOTES AND ITS INTENTION TO ISSUE NEW NOTES COMPANY INVITES QUALIFYING HOLDERS (AS DEFINED IN TENDER OFFER MEMORANDUM) OF EXISTING NOTES TO TENDER FOR CASH SOME OR ALL
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Air France-KLM repaid remaining 48 million euros of OCEANE 2026 bonds

BRIEF-Air France-KLM repaid remaining 48 million euros of OCEANE 2026 bonds May 13 (Reuters) - Air France KLM SA AIRF.PA : AIR FRANCE-KLM REPAID REMAINING €48 MILLION OF OCEANE 2026 BONDS Source text for Eikon: ID:nGNE7gW2tz Further company coverage: AIRF.PA Reporting by Sudip Kar-Gupta
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Portugal's TAP posts wider first quarter loss as wage costs bite

Portugal's TAP posts wider first quarter loss as wage costs bite LISBON, May 10 (Reuters) - Portuguese airline TAP posted a wider first-quarter net loss of 72 million euros ($77.64 million) on Friday as higher wage costs offset revenue growth. The state-owned airline had reported a net loss of 57.4 million euros a year ago. Still, the airline expects a strong summer as it will add flights to Brazil and North America, CEO Luis Rodrigues said.
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owner IAG projects strong summer after solid first quarter

UPDATE 4-BA-owner IAG projects strong summer after solid first quarter IAG operating profit at 68 million in Q1, compared to 9 million last year CEO says IAG could scrap Air Europa bid, not at that point yet Shares up 1.4% in early trading European airlines hope for record summer demand Updates with CEO comment on IAG bid for Air Europa, background By Joanna Plucinska LONDON, May 10 (Reuters) - British Airways owner IAG ICAG.L reported a surge in first quarter earnings on Friday helped by rising
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Air France, Lufthansa Group airlines part of EU greenwashing probe

UPDATE 4-Air France, Lufthansa Group airlines part of EU greenwashing probe In MAY 2 story adds line on SAS, paragraph 5 By Ilona Wissenbach, Charlotte Van Campenhout and Essi Lehto BRUSSELS, May 2 (Reuters) - Air France AIRP.PA , its Dutch arm KLM, Norwegian, SAS and several Lufthansa Group LHAG.DE airlines are among 20 carriers being investigated by the European Union for potential greenwashing, the companies said on Thursday.
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Air France, Brussels Airlines among carriers in EU greenwashing probe

Air France, Brussels Airlines among carriers in EU greenwashing probe BRUSSELS, May 2 (Reuters) - Air France and Brussels Airlines are among 20 airlines being investigated by the European Union for potentially misleading greenwashing practices, the airlines told Reuters, confirming a report by Belgian broadcaster RTBF. Reporting by Charlotte Van Ca
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Adidas, EFG International, Smith & Nephew

EUROPE RESEARCH ROUNDUP-Adidas, EFG International, Smith & Nephew May 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, EFG International, and Smith & Nephew, on Thursday. HIGHLIGHTS * Adidas AG ADSGn.DE : Barclays raises target price to EUR 243 from EUR 231 * EFG International AG EFGN.S : Citigroup raises to buy from neutral * Gsk GSK.L : JP Morgan raises target price to 1660p from 1530p * Kemira Oyj KEMIRA.HE : Berenberg
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EU, watchdogs start action against airlines over greenwashing

UPDATE 1-EU, watchdogs start action against airlines over greenwashing Adds details throughout, Jourova statement BRUSSELS, April 30 (Reuters) - The European Commission and national consumer protection authorities have started action against 20 airlines for misleading greenwashing practices, the EU said in a statement on Tuesday. Although the statement said the EU had worked together with Belgian, Dutch, Norwegian and Spanish watchdogs, a spokesperson said the names of the airlines will not be d
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