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Operator: Good morning and welcome to the Sabre First Quarter 2024 Earnings Conference Call. My name is Gerald and I will be your operator. As a reminder, please note today's call is being recorded.
Two of Europe's top airline groups, Lufthansa and Air France-KLM, announced plans to cut costs after reporting wider first-quarter losses on Tuesday as they faced high customer payouts due to flight...
Kuehne+Nagel has reported a 39% drop in quarterly operating profit but beat market expectations, aided by cost cutting measures amid geopolitical concerns.
Lufthansa will likely miss its 2024 profit margin goal as the German airline seeks to agree new, higher pay deals to end prolonged strikes, which have forced it to cancel thousands of...
Lufthansa will likely miss its 2024 profit margin goal as the German airline seeks to agree new, higher pay deals to end prolonged strikes, which have forced it to cancel thousands of flights, analysts and investors say. The carrier's shares have been among the best performers compared with rival European flag carriers, Air France-KLM and IAG, as the region's travel industry has recovered from the devastating COVID-19 pandemic which shut borders and grounded planes around the world in 2020. Lufthansa's ongoing labour disputes and service disruptions have put those profit-margi...