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Lufthansa to cut flights at major German hubs

File photo: planes of german air carrier lufthansa are parked at frankfurt airport

Bloomberg Deutsche Lufthansa AG will suspend almost its entire flight operations in Frankfurt and Munich on Friday because of a strike by pilots who are demanding higher pay, adding another day of major disruptions to what has already turned into a summer of travel chaos. In total, about 130,000 passengers will be affected as Lufthansa scraps 800 flights at its ...

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S Africa’s Woolworths prepares for inflation risk after upping dividend

Woolworths

Bloomberg Woolworths Holdings Ltd. is preparing to battle the impact of soaring inflation in both its key markets, after increased sales and a growing cash pile allowed the South African retailer to raise the annual dividend higher than expected. While a jump in prices is a global risk, Woolworths said the company’s Australian department-store business “should be somewhat mitigated by ...

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Private jets to Ibiza, Paris surge as rich evade travel chaos

Business and media elites attend annual allen & co meetings in sun valley

Bloomberg As Europe grapples with a summer of travel chaos, the wealthiest are increasingly taking matters into their own hands. Private-jet use has surged by almost a third in recent months compared to pre-pandemic levels, stretching airport capacity from Ibiza to Mykonos and stoking a political backlash in France. London logged the most private flights — more than 12,000 in ...

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