Europe

The airline reported better than expected results for the 2025 financial period, as tighter financial controls and fleet rotation helped it manage costs and maximize profits. In 2025, European airlines including Lufthansa will benefit from a slight reduction in fuel costs, which is expected to boost earnings, as the passenger demand remains strong. "Last Year, we were able to?significantly increase the Group's Operating Profit and achieve the highest revenue in our history." "Our results demonstrate the stability and resilience of the Group," said Carsten?Spohr, Chief Executive. Lufthansa has reported an adjusted operating profit of 2.32 billion euros, compared to the...

Lufthansa reported better results than expected for its 2025 financial period as it was able to manage costs more effectively and maximize profits through a stricter financial management. Lufthansa has reported a 2 billion euro adjusted operating profit ($2.32 billion) compared to a projected 1.9 billion euro by an?Lufthansa compiled analyst poll. This is up from the?1.6 billion euro adjusted operating profit in 2024. The German airline group reported an operating profit margin of 4,9%, up from 4,4% in 2024. Lufthansa hopes to increase operating margins to 8-10% by 2030, up from a?4.4% level in 2024. However, strikes like the...

These are the most popular?stories from the Wall Street Journal. These?stories have not been?verified' and we cannot?guarantee? their?accuracy. Nike is expecting to charge $300 million for cost-cutting measures, which include job cuts. Delta Air Lines has reshuffled its top leadership team after the retirement of the company's president and the departure of the operations chief. - Netflix ?has acquired InterPositive, an artificial-intelligence filmmaking technology company founded by Ben Affleck. Affleck will remain as a senior advisor at Netflix, while the entire InterPositive team joins. The Defense Department has officially declared Anthropic as a supply chain risk and cut it off...

The head of the Civil Aviation Authority of Syria told Reuters that the newly reactivated air route from the northern city of Aleppo to the Mediterranean Sea is now open for foreign airlines and the national airline. On Thursday, air traffic began to return through the Aleppo International Airport. Civil Aviation Authority Director Omar Hosari stated that the route was intended to provide safe flight paths for aircraft arriving in and departing Aleppo. It will be open to all airlines?aslong as they "meet international safety standards." Hosari said that the corridors were not exclusive to "Syrian Air". "Other airlines may...

Israel's ambassador at the United Nations stated?on Thursday? that it would be much more difficult for Iran to disrupt vessels that are?coming through?the Strait of?Hormuz? and that the?volume? of missiles fired by Tehran is already declining. Danny Danon, speaking to reporters at the United Nations in New York, urged Israelis to be patient as it would only take a short time for Iran's missile fire to be?minimized' and its military capability to be dismantled. Danon said that the results of hundreds of missile attacks on Iranian launchers are showing. "You saw around 100 missiles at the start of the war...

The leading shipping and labour groups have said that seafarers are entitled to refuse to sail on ships traversing the Middle East Gulf, which includes the Strait of Hormuz. This is because the threat level in the region has been raised to the highest level. As the U.S. war against Iran intensifies, around 300 ships are anchored both sides of the Strait. Nine ships have suffered damage since?February 28 and one seafarer has been killed. According to the International Bargaining Forum, a group of mariners, commercial shipping companies, and maritime unions, reached a negotiated agreement on Thursday. Seafarers can refuse...

Commercial flights have been grounded in some parts of the Middle East due to the escalating conflicts following U.S.-Israeli strikes on Iran. This has left foreigners stranded and prompted governments to plan for repatriations. The European Commission has announced that it is now coordinating the repatriation of citizens under the EU Civil Protection Mechanism, as more member states ask for help in evacuating their citizens from the Middle East. Six flights have already been made to Bulgaria, Italy and Slovakia. Ten EU countries, including Belgium, Czech Republic France, Cyprus Luxembourg and Romania, have activated this mechanism so far. In alphabetical...

The global air travel industry is still severely affected by the Iran war, which forced the closure of key Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi. This left tens and thousands of passengers stranded and disrupted thousands of flights. The following is a list of the most recent flights by airline alphabetically: AEGEAN AIRLINES The largest airline in Greece has suspended all flights from and to Tel 'Aviv, Beirut and Erbil until the morning arrivals on March 10. Flights to and from Dubai, Abu Dhabi and Riyadh will be suspended until the evening arrivals on March 6...

Residents described the U.S. and Israeli campaign against Iran as intensifying on Thursday, while Iran vowed retaliation anywhere in response to a U.S. strike on a ship thousands miles away from the battle 'zone. The abrupt postponement in Iran of the planned three-day'mourning period for the slain Supreme leader Ali Khamenei has disrupted apparent plans to quickly anoint Khamenei’s 'hardliner son' as his successor. "Today's worse than yesterday" They are attacking northern Tehran. We are stuck. It is like a war zone. Mohammadreza (36), a phone call from Tehran, said, "Help us", with a shaking voice, as Israel's latest wave...

Sky News reported that a British flight to repatriate UK citizens after the Middle East war broke out did not take off on time from Oman as planned. The flight has now been rescheduled later Thursday. Could not confirm the report immediately. The British Foreign Office didn't immediately respond to an outside of'regular office hours? request for comment. The Foreign Office said that British nationals, their partners or spouses, and children were welcome to take the flight. Priority was given to the most vulnerable. Sky News reported that an unidentified passenger who was scheduled to fly on the flight said,...

Airline shares recovered on 'Thursday, as more flights left the Middle East. This provided some respite for carriers who had lost billions in value due to the U.S. and Israeli strikes against Iran earlier in the week. The government has been scrambling for flights out of the Middle East to accommodate tens and thousands of citizens who have been stranded due to the U.S.-Israeli conflict against Iran. This conflict has caused the closure of most of the airspace in the region because of the threat of missiles striking passenger planes. Dubai, the busiest airport in the world, handles over 1,000...

Wizz Air announced 'on Wednesday that the conflict in the Middle East will 'decrease its 'net profit for fiscal 2026 by approximately 50 million euros ($58.19 millions), pushing it below the previous forecast. According to the airline, roughly one-third?of the impact stems from the cancellation of several scheduled routes within the region while the remainder reflects the weaker macroeconomic conditions caused by the Iran conflict. On January 29, the company forecast a range of FY26 results ranging from a loss of?25 million?euros up to a profit of?25 million euros. Wizz has suspended flights from and to Israel, Saudi Arabia and...

DHL's chief executive said he would continue to accept delivery orders for the Middle East, but warned that there could be delays. Tobias Meyer, CEO of German logistics group DHL, said that the escalation in the U.S. - Iran war has an impact on the entire region. This includes deliveries to Israel, which are currently being sent via Cyprus. Meyer said that DHL is still committed to its Middle East?investment plan. He said that "these?are long term investments?and are of the opinion the region is still appealing." As the conflict enters its sixth day, logistics and shipping companies face increasing...

The European share market rose on Thursday as the rebound from the previous session gained?steam. Meanwhile, the Middle East conflict remained a cloud over the markets and investors sifted through earnings. By 0949 GMT, the pan-European STOXX 600 was 0.3% higher. The STOXX 600 recovered from some early losses, and built upon Wednesday's gains, the biggest in over three months. It was trying to recover from sharp losses earlier in the week. The banks, which were the epicenter of the recent selloffs, gained about 0.5%. Airlines, on the other hand, had mixed results, with only Air France gaining nearly 1%....

DHL's 2026 outlook is more cautious than analysts' expectations. A 'weak macroeconomic' backdrop weighs heavily on DHL's prospects. The shares of the German logistic group were down 3% at 0919 GMT, and ranked last on the blue-chip index of the country. DHL anticipates that its earnings will exceed 6.2 billion euro ($7.2 billion) this year. This is after it reported an operating profit for '2025 of 6.1 billion euro. According to a consensus provided by the company, EBIT was expected to be slightly lower than analysts' average expectations. Tobias Meyer, CEO of Tobias Meyer Group, said that there is "significant...

European?shares dipped?on Thursday due to a?growing?Middle East Conflict, and a series of patchy corporate results. As of 8:10 AM GMT, the pan-European STOXX 600 index was down by 0.3% to 610.72. On Wednesday, the benchmark index had its best day for'more than three months. It recovered some of the earlier losses. The mining sector was the worst affected, with a decline of 1.5%. The U.S. and Israel war with Iran is now in its sixth day, but there's no quick resolution in sight. Iran launched another barrage of missile attacks on Israel earlier that day. And the U.S. Senate voted...

DHL, the German logistics company, forecast on Thursday a "higher operating income for 2026" that was in line with market expectations despite deteriorating geopolitical conditions. The company expects earnings before interest and taxes to exceed 6.2 billion euros ($7.2 billion) after reporting 6.1 million euros last year. The free cash flow, excluding acquisitions, should be in the range of 3 billion euros. The company provided a consensus that showed both targets were in line with analysts' average predictions. Tobias Meyer, CEO of Tobias Meyer & Co. said that there is "significant geopolitical uncertainty and volatility out there" as was evident...

Friends began texting him to congratulate him the day after the U.S. Supreme Court ruled against the tariffs which had cost Day?Owl, a backpack company owned by Ian Rosenberger, tens and thousands of dollars. He did not share their joy. Rosenberger said, "I can't imagine any way that I could get the?money back." His Pittsburgh-based firm, which had only a few million dollars of sales, probably couldn't afford to pay for attorneys' fees. Around 2,000 companies have filed lawsuits for refunds at the U.S. Court of International Trade. This includes?FedEx?,?Costco?, and L'Oreal?, with many more likely to follow. The Supreme...

Italy's tax authorities announced on Tuesday that they had seized 27,4 million euros ($31.8 million) from two French units of CEVA Logistics. This is a new chapter in investigations into alleged tax fraud, and illegal labor practices. This move, which targets the French multinational known for its partnership in Ferrari's F1 Team, is similar to other actions taken against Italian logistics and delivery companies, such as FedEx, DHL, Amazon, etc. Milan prosecutors accuse CEVA of issuing fake invoices in order to?mask cheap labour, bypassing labour laws and tax laws and avoiding?taxes and social security payments. CEVA Logistics?did not immediately respond?...

Importers are rushing to a U.S. trade court that is little known to get their share of the more than $130 billion of tariff refunds. The court must now decide how to handle what will be an explosion in cases. According to court records, multinationals like FedEx,?L'Oreal, and hundreds of smaller firms have filed around 2,050?lawsuits with the U.S. Court of International Trade, Manhattan, seeking refunds on?tariffs? imposed by President Donald Trump last year. These cases may be just the tip of the iceberg. The tariffs, which were declared illegal by the Supreme Court in February 2018, were levied against...

FedEx was sued in federal court on behalf of customers who were seeking refunds after the U.S. Supreme Court decided this month that President Donald Trump had illegally imposed emergency tariffs worth billions of dollar on imported goods. The proposed class-action in federal court in Miami Florida seeks compensation for potentially millions of shippers that paid import duties and other fees on products they claim?should've entered the United States without duty. FedEx issued a statement Friday saying: "If FedEx receives refunds, we will refund the shippers or consumers who initially incurred these charges." The lawsuit filed on Friday alleged that...

Court filings show that the French beauty group L'Oreal, British vacuum'manufacturer Dyson, and contact 'lens manufacturer Bausch + Lomb are the 'latest' corporations to sue the U.S. government for refunds on tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled these duties illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of prominent companies that have sued since Friday's landmark decision. Sol de Janeiro, a U.S. skincare company and fragrance company and global transportation company FedEx also filed complaints in...

?French beauty company L'Oreal, British vacuum maker Dyson, and contact lens manufacturer?Bausch + Lomb are the 'latest' corporations to file a lawsuit for'refunds' of tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled that the duties were illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of notable companies that have sued following Friday's landmark decision. This week, the global transportation company FedEx as well as U.S. skincare company Sol 'de Janeiro filed complaints. Court documents reveal that more than...

The U.S. Supreme Court's decision to overturn emergency tariffs imposed by the White House was a victory for thousands of businesses, but the process of getting refunds is only just beginning. The court's decision could have a long-lasting impact on the global economy. It ruled that President Donald Trump was not allowed to impose broad tariffs against imports under the 1977 International Emergency Economic Powers Act. The corporate world spent months adapting to Trump's constantly changing trade policy, and his use of tariffs to further his agenda. Not only to address trade issues, but also to attack other governments policies...