DUBAI / WAM Dubai Land Department (DLD) has announced the launch of Phase II of …
Read More »Lufthansa halts its low-cost arm’s capacity growth as fare war bites
Bloomberg Deutsche Lufthansa AG halted capacity expansion at its Eurowings low-cost arm after the group’s first-quarter margins were squeezed by rising fuel bills and overcapacity that’s sparked a Europe-wide fare war. Europe’s biggest airline is abandoning plans to increase capacity at Eurowings by 2 percent this year. Lufthansa issued a profit warning that attributed a plunge in earnings before interest …
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