Stephen Furlong News
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Deutsche Post AG, Europe’s largest postal service, reported profit that beat analysts’ predictions because of growth at express-delivery businesses abroad, sending the stock to the highest in almost five years.
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BMI will sell six daily slots for takeoff and landing at London’s Heathrow airport to British Airways as Deutsche Lufthansa AG seeks to restructure the unit.
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Even before sealing a merger of British Airways and Spain’s Iberia, Willie Walsh, the deal’s architect, said he had 12 more targets in his sights. Eighteen months later, he may have more opportunities than he can handle.
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For TNT Express NV shareholders pining for a rescue from FedEx Corp. after a scrapped takeover sent the stock reeling to record-low valuations, it could be a long wait.
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Deutsche Lufthansa AG plans to suspend its dividend for the first time since 2010 to preserve cash as the German airline rejuvenates the fleet and pushes ahead with its most ambitious cost-savings program to date.
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Deutsche Lufthansa AG is considering a bid for state-owned carrier TAP SGPS SA to strengthen its position in South America and protect its partnership with a key member of the Star Alliance.
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Deutsche Lufthansa AG said passenger traffic rose 7 percent in 2011, shrinking Air France-KLM Group’s lead as Europe’s biggest airline.
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Deutsche Lufthansa AG, Europe’s second-biggest airline, reported a full-year loss as the unprofitable U.K.-based BMI unit that the German company is in the process of selling weighed on earnings.
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Virgin Atlantic Airways Ltd. said it’s considering an approach for the U.K.-based BMI unit of Deutsche Lufthansa AG that would combine the two operations.
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Richard Branson’s Virgin Atlantic Airways Ltd. joined chief competitor British Airways in saying it’s interested in a deal with BMI, the U.K. carrier that Deutsche Lufthansa AG has indicated may be sold.
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