Deutsche Lufthansa AG fell the most since the 9/11 terror attacks after cutting earnings forecasts for this year and next as a capacity splurge at Gulf competitors hurts prices and its own pilots protest against cost cuts.
Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr, who took over yesterday, will assume direct responsibility for development of the group’s route network and the strategy of individual airline brands.
Airlines must take steps to stop pilots deactivating communications systems as well as improving tracking following the disappearance of Malaysian Air Flight 370, the head of the world’s biggest international airline said.
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.