Lufthansa: pilots Union: a rescue package there is “no alternative” | STERN.de

After the agreement on a rescue package for the aircraft, the ownership of the train. The pilot Union Vereinigung Cockpit (VC) campaigned on Tuesday for the shareholders to consent.

“For Lufthansa, the chosen path is no alternative,” said VC President Markus choice. “The found agreement is a heavy, but portable compromise. A protective shield proceeding would have been associated with incalculable risks for all stakeholders. The shareholders should follow the decisions of the management Board and the Supervisory Board and the measures agree, so that the remaining uncertainties will be ended.”

The shareholders at an extraordinary General meeting on 25. June on the conditional rescue package decide. On the stock exchange the agreement between Lufthansa, the German government and the EU came to Commission well. The Lufthansa share price rose on Tuesday temporarily to 8.5 percent. In the afternoon, it was with almost 3 percent in the Plus at 9,41 EUR.

The Corona pandemic with the following travel restrictions had brought the business of the Lufthansa with the exception of the cargo almost to a Standstill. The group needs government assistance. In return for a nine billion Euro heavy rescue package, including the participation of the Swiss Confederation to the company, the Lufthansa 24 Start – and the country has to give up rights to its major airports in Frankfurt and Munich in the competition. The formal approval by the Brussels competition authorities is still pending.

Lufthansa must now focus “on the urgent operational challenges, to now the flight operations and the group for the challenges of the future set up,” said the VC. The airline wants to decrease because of the crisis their capacity. The necessary measures in Germany, Lufthansa will advise the Board of management with the trade unions Verdi, VC and Ufo (flight attendants) in a nutshell in a top-level meeting.

Lufthansa presents this Wednesday at their Figures for the first quarter. It should be as long as the money enough in the Treasury and how many Jobs will fall in the group a victim of the crisis.

The end of April published figures, according to the Lufthansa in the first quarter posted a fall in sales of 18 percent to 6.4 billion euros. Of special items adjusted operating loss (adjusted Ebit) multiplied due to the March collapse in air traffic in the year of 336 million to 1.2 billion euros. For the second quarter, the Board predicted a significantly higher operating loss.