pilot strike ensures doldrums of Lufthansa hubs
The pilots of Lufthansa stepped into a full-day strike on Friday. As a spokesman for the Union Association Cockpit said on Friday morning, the strike started as planned. Lufthansa had already deleted almost the complete program on the turnstile Munich and Frankfurt on Thursday. Around 130,000 passengers of more than 800 flights are affected, which fail at the Frankfurt and Munich hub.
© provided by Wirtschaftswoche After two years, the federal government at Lufthansa has released photo: dpadata portal copyright =
around Lufthansa in times of corona Saving crisis, the federal government supported the airline through stabilization measures. Now the participation has ended.
After a good two years, the federal government at Lufthansa got out again - with a stately profit. The state economic stabilization fund (WSF) placed the remaining 74.4 million Lufthansa shares on Tuesday evening for a total of 455 million euros, the federal financial agency said. The WSF had saved the airline in the Corona crisis in 2020 with silent deposits and a share participation of 20 percent. With the sale of the shares, the WSF redeemed a total of 1.07 billion euros. The bottom line was that a profit of 760 million euros was left, the finance agency calculated. Lufthansa had already repaid the silent insoles in autumn 2021.
Strong wage plus for Lufthansa flooring staff
The dispute over tariffs for Lufthansa floor staff is enclosed. Lufthansa and Union Verdi agreed on significantly higher fees for the approximately 20,000 employees and thus turned further strikes. © Christopher Neundorf/Kirchner-Me/Picture Alliance Check-in at Münster/Osnabrück Airport (archive picture) A noticeable salary increases were agreed, the Lufthansa said after the third round of negotiations.
"With this gratifying balance, the participation of the WSF ends and the company is back in private hands," said the outgoing head of the finance agency, Jutta Dönges, who is responsible for the WSF. The stabilization of Lufthansa is thus completed. The state increases earlier when it had set itself the goal: Actually, the WSF should only sell the remaining shares until autumn 2023.
The last package of 6.2 percent placed Deutsche Bank and Goldman Sachs at a price of 6.11 euros per share. That is 3.4 percent less than the Xetra closing course from Tuesday of 6.32 euros. At the end of July, the federal government had already reduced its share to less than ten percent, since then it has apparently thrown further shares onto the market in smaller quantities and reduced the proportion.
Insurer Allianz sees his profit drop in the second quarter
© Secret Pilgrim/Flickr The Allianz insurer sees his profit drop in the second quarter Allianz, the insurance giant, announced in the 2nd quarter a net profit in Decreased, its funds managed on behalf of third parties having dropped by 6% over the period. Allianz reported this Friday, August 5, a net profit in the second quarter of 23% on Friday, August 5, in the second quarter of 23% to 1.7 billion euros and given its customers withdraw funds in the asset management, which emerges from 'A heav
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federal states cancel resistance to relief package to .
Berlin. There are continuing resistance in the federal states against the third relief package of the traffic light coalition. Above all, there is a lack of a lack of coordination by the federal government with the countries in the financing of the individual relief measures. © Monika Skolimowska euro notes on a table (symbol image). "In the current form, the relief package is by no means approval," said Bavaria's Prime Minister Markus Söder of "Welt am Sonntag".