Lufthansa

Lufthansa Group airlines to take off again with 160 aircraft from June|Flights to Crete

Starting in June, Lufthansa, Eurowings and SWISS will be offering monthly restart schedules to significantly more destinations in Germany and Europe than in the past few weeks. The repatriation schedules will thus end on 31 May. A total of 80 aircraft will be reactivated with the “June timetable”. This means that a total of 106 […]

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Lufthansa

Deutsche Lufthansa AG negotiates stabilization package for the Group

Deutsche Lufthansa is negotiating a stabilization package for 9 billion euros with the Federal Economic Stabilization Fund (Wirtschaftsstabilisierungsfonds – WSF) to finance the Lufthansa Group. The negotiations and the process of political decision-making are still ongoing. The negotiations on financing measures include a silent participation and a secured loan. The conditions are currently being discussed. […]

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fti-touristik

Almost 40 percent of the FTI portfolio can already be booked for summer 2021

The tour operator FTI enables a large number of hotels to be booked early, for example for holidays in Egypt, Turkey or the Emirates.  As the worldwide travel warning from the Federal Foreign Office has been extended again, travel planning for the coming weeks and months is currently still subject to major question marks. Many wanderlust […]

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Lufthansa

Lufthansa Group publishes preliminary results for the first quarter and provides outlook on liquidity development

The travel restrictions implemented as a consequence of the global spread of the coronavirus had a significant impact on the Lufthansa Group’s earnings development in the first quarter of 2020.  On a preliminary basis, Group revenues fell by 18 percent to 6.4 billion euros  (previous year: 7.8 billion euros) in the first quarter. In March […]

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money tourism copyright photo

Sojern Research: Despite easing of lockdowns flights continue to plateau | Uptick for Greece and Switzerland

According to a new Sojern research while there are signs that some European countries are looking to incrementally relax their lockdowns, global flight searches and bookings continue to plateau. There are some small upticks—such as flight searches to Switzerland, and flight bookings to Greece—but overall, all countries are showing that flight searches and bookings well […]

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tui

TUI Germany rewards vacationers with additional credit

TUI will reward travelers whose vacation was canceled by April 30, 2020, due to the corona pandemic with additional credit. TUI is increasing the travel credit by up to 150 euros per booking. “Our guests want to continue traveling, and we would like to reward all holidaymakers with canceled bookings if they decide on a new […]

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tui

TUI AG: KfW arrangement signed|Banking consortium approves German Federal government bridging loan

KfW and TUI AG confirm the signing of the state aid bridging loan for 1.8 billion euros. The loan had been committed by the German Federal Government on 27 March as part of the COVID-19 state support program. TUI’s current Revolving Credit Facility “RCF” banking consortium supports the KfW loan and the addition of the […]

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itb

Socially responsible travel at ITB Berlin: 15th Pow-Wow for Tourism Professionals

Over the last 17 years at ITB Berlin sustainable and socially responsible tourism have had a firmly established place in Hall 4.1b, underlining an environmentally friendly approach to tourism. This year more than 120 exhibitors from 34 countries are presenting their innovations and products for cultural tourism, nature tourism, socially responsible and sustainable tourism, geotourism […]

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