Deutsche Lufthansa AG, Europe’s second-largest airline, hasn’t decided yet if it wants to sell its U.K.-based BMI unit and remains focused on “restructuring” the money-losing carrier, a spokesman said.
British Airways Plc said European carriers are seeking compensation as unprecedented airspace closings following the volcanic eruption in Iceland cost the industry an estimated $300 million a day in lost sales.
German stocks fell as an Icelandic volcanic ash cloud continued to ground air traffic across Europe and Germany asked the U.S. Securities and Exchange Commission for details on its suit against Goldman Sachs Group Inc.
Emirates, the No. 1 airline on international routes, is interested in buying the world’s leading inflight catering business from Deutsche Lufthansa AG, the head of the Dubai-based company’s Dnata services arm said.
Deutsche Lufthansa AG plans to bring 15,000 stranded passengers back to Germany, Deutsche Presse-Agentur said, citing spokesman Andreas Bartels. The airline will use long-distance planes to fly passengers from North and South America, Africa and Asia and the jets are scheduled to land on Tuesday morning in Frankfurt, Munich and Dusseldorf, DPA cited the spokesman as saying.
Deutsche Lufthansa AG will centralize subsidiaries’ information technology, purchasing, auditing and human-resources departments in a 1.5 billion-euro ($1.93 billion) cost-saving plan, WirtschaftsWoche reported, citing unidentified people at the carrier.