Lufthansa ground, cabin staff get pay rise
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German service union Verdi said on  Saturday it had agreed with Deutsche Lufthansa  a pay  deal giving around 42,000 ground and cabin crew in the Germn  airline a 3.4 percent increase in wages.
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Lufthansa is reportedly interested in buying a stake of just under 25 percent in the discount airline.
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The director of the low-cost German airline Air Berlin, in remarks scheduled for publication Sunday, forecast a 30-percent increase in passenger numbers this year, contributing to a 20-percent rise in turnover.
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The airline said earnings were hurt by higher oil prices, strikes and special items, but said its operating profit rose as it attracted more passengers.
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The hotel operator reports an increase in both room rates and occupancy, with a 45% rise in Q3 earnings.
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British Airways Plc, Europe&#39;s second- biggest airline, reached a pay accord with unions, averting a strike planned for the Aug. 27-30 holiday weekend by 11,000 baggage handlers and check-in staff.
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German flag carrier Lufthansa declined to comment on Thursday on a newspaper report that it was interested in buying a 20-percent stake in British airline BMI currently held by Scandinavian Airlines System (SAS).
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Air France becomes the latest major airline to raise ticket prices in response to higher fuel costs.
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As if on cue, airlines are responding to oil's latest surge by pushing ticket prices even higher
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British Airways says it is rewarding ground staff with cheap flights after a chaotic week of cancelled flights.
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Demand is expected to result in higher salaries, more career advancement and flexible work environments.
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Airline shares rose on Tuesday, led by Continental Airlines , which was up more than 6 percent after reporting strong June revenue a day earlier.
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Nearly 50 Pittsburgh-area businesses that have financial ties to Germany and western Europe say they'll purchase $10 million worth of airline tickets if German airline Lufthansa will serve the ...
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Lufthansa will pay $305 million for the stake in JetBlue Airways, the discount airline, the companies announced.
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The aviation-electronics company's shares are rising -- along with its profit projections.
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Two of the largest U.S. airlines raised fares on Friday, aiming to take advantage of strong travel demand to boost profitability and offset the price of jet fuel, which despite recent declines, remains historically high.
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The world's top air-express shipper said earnings soared on strong revenue growth in its international, ground and freight services.