Istanbul’s Ataturk airport lured more travelers than Frankfurt and Amsterdam in the first quarter, setting the Turkish Airlines base on course to establish itself as Europe’s third-busiest air hub this year.
Deutsche Lufthansa AG said curbs on airline mergers are limiting its ability to target emerging markets and channeling takeover activity into service operations where investment rules are less stringent.
Deutsche Lufthansa AG is prepared to ride out the worst disruption in its history, signaling to its pilots that they need to make concessions similar to those of their lower-paid colleagues at the German airline.
Deutsche Post AG, Europe’s largest mail service, forecast operating profit may exceed 5 billion euros ($6.9 billion) by 2020 on Internet shipments and expansion in emerging economies. The shares rose to a record.
Deutsche Lufthansa AG canceled thousands of flights at the start of a three-day strike by pilots that’s set to cause the worst disruption in its history amid a campaign to slash costs and stay competitive.
Thomas Cook Group Plc, Europe’s second-largest tour operator, said business in Russia this year is better than planned, dismissing concerns the country’s annexation of the Crimea region may hurt the industry.