Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Lufthansa to resume flights to 20 destinations from mid-June

Published 05/24/2020, 05:54 AM
Updated 05/24/2020, 03:05 PM
© Reuters. FILE PHOTO: Lufthansa aircraft parked on tarmac in Germany

FRANKFURT/BERLIN (Reuters) - Lufthansa (DE:LHAG), which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.

The destinations include Mallorca, Crete, Rhodes, Faro, Venice, Ibiza and Malaga, the spokeswoman said, adding flights would depart from the airline's main hub in Frankfurt.

Further destinations will be unveiled at the end of next week, she said.

Bild am Sonntag first reported the new destinations.

The flight expansion comes less than two weeks after Lufthansa unveiled plans to resume flights to destinations including Los Angeles, Toronto and Mumbai from June, as it begins to restore business that was virtually shut down by the coronavirus crisis.

The airline said on Thursday it was in advanced talks with the German government over ceding a 20% stake in exchange for the cash injection. Bild am Sonntag, without citing sources, said the loan would have to be repaid at the end of 2023.

In an interview with public broadcaster ZDF on Sunday, German Economy Minister Peter Altmaier said that Lufthansa would have to repay the loan as soon as it turned a profit again.

"This can take a few years. No one knows in advance," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.