Stephan Gemkow

Germany's leading airline, Lufthansa, reported disappointing results Thursday in response to a global travel slump and pledged to cut costs sharply. The latest figures made the carrier's full-year target of an operating profit harder to reach but it nonetheless maintained the forecast. "I am doubtful about a rapid and sustained rebound" of the global economy and thus the air transport sector too, Lufthansa finance director Stephan Gemkow told a telephone news conference. An increase in average revenue per passenger was also "not foreseeable," he added, though Lufthansa planned to cut passenger capacity by 1.8 percent this year. The airline made a net profit of ... Read Full Story

Germany's leading airline, Lufthansa, reported on Thursday disappointing first half results due to the global travel slump and pledged to cut costs sharply. It said the outcome made its full-year target of an operating profit harder to reach but it maintained the forecast. "We still cannot be satisfied with this result," finance director Stephan Gemkow said in a statement after Lufthansa posted an operating profit of eight million euros (11.3 million dollars) and pledged to cut costs in its passenger division by one billion euros by 2012. The airline made a net profit of 40 million euros in the second quarter alone, down 88.1 ... Read Full Story

Germany's leading airline Lufthansa posted Thursday a first-quarter net loss of 256 million euros (290 million dollars), compared with a profit of 44 million euros in the same period a year earlier. On Wednesday, Lufthansa had reported an operating loss of 44 million euros in the first three months of the year, and said it expected a drop in 2009 sales owing to a dip in short-term demand for flights. Finance director Stephan Gemkow was quoted by a statement Thursday as saying that "the current crisis is putting a strain on our profits," but he added that the group was well positioned to weather ... Read Full Story

Wikizines are interactive magazines that anyone can create or edit - and this one is about Stephan Gemkow. Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article! Read Full Story