Lufthansa boosted concessions to soothe competition concerns over long-haul flights to help it win over EU regulators in its bid for a stake in Italy's ITA Airways, three people with direct knowledge of the matter said on Monday.
EU antitrust regulators are leaning towards clearing Lufthansa's bid for a stake in state-owned Italian airline ITA, three people with direct knowledge of the matter said on Thursday.
Lufthansa is unlikely to offer more remedies to EU antitrust regulators scrutinising its bid for a stake in state-owned Italian carrier ITA despite their concerns about long-haul flights, three people with direct knowledge of the matter said.
The US Department of Transportation said Monday that three airlines including German carrier Lufthansa have been made to pay over $900 million in passenger refunds due to pandemic-related flight cancellations or changes.
The U.S. Transportation Department said Monday it has imposed $2.5 million in civil penalties in total against Lufthansa , Air France unit KLM Royal Dutch Airways and South African Airways.
Lufthansa's bid to acquire a stake in Italian state-owned carrier ITA could lead to price hikes and fewer frequencies for passengers, EU antitrust chief Margrethe Vestager said on Thursday.
Lufthansa has offered to keep some competing ITA short-haul routes in an effort to secure EU antitrust approval for its bid for a stake in the Italian airline, people with direct knowledge of the matter said on Thursday.
Ryanair (NASDAQ: RYAAY) share price has done well over the years, transforming it into the biggest airline in the world after Delta Air Lines. It has soared by over 4,300% since going public, giving it a market cap of over $23 billion.
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