Jochen Rothenbacher News
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TUI Travel Plc, Europe’s largest tour operator, said full-year earnings are likely to be higher than previously forecast after wintery weather that persisted until Easter boosted bookings from Britain to Scandinavia.
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Deutsche Lufthansa AG was forced into an ad-hoc search for a new candidate to head its supervisory board after former Chief Executive Officer Wolfgang Mayrhuber surprisingly pulled out one day before he was due to be elected.
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Deutsche Lufthansa AG, Europe’s second-largest airline, said it’s confident of reaching its full-year earnings targets as a savings plan starts to take hold and after the carrier averted more strikes with a pay accord.
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Deutsche Lufthansa AG suspended almost its entire timetable for a full day as a strike over pay crippled operations at Europe’s second-largest airline and upset travel plans for 150,000 people.
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IVG AG fell the most since September 2001 in Frankfurt trading after the German property investor missed its 2012 profit forecast and said it won’t pay a dividend. The shares dropped as much as 21 percent.
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Fraport AG, the owner of Europe’s third-biggest airport, gained the most in six months as passenger traffic across its airports grew in the face of a strike in Germany.
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Deutsche Lufthansa AG, Europe’s second-biggest airline, will combine short-haul operations outside its main Frankfurt and Munich hubs with the Germanwings low-cost unit as part of a cost-reduction effort.
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Fraport AG’s Frankfurt Airport passenger traffic growth slowed in 2012 as recessions in Europe and aviation-industry strikes reduced flight numbers.
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German stocks fell, erasing earlier gains, as Commerzbank AG retreated after Manager Magazin said the nation’s second-largest bank is planning to sell shares to increase capital.
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TUI Travel Plc, Europe’s largest tour operator, jumped to the highest since April 2010 after it received an approach from its German majority owner to merge the companies.
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