Germany substantially raises tax income projections - Lufthansa set to impress at shareholders meeting
Benefiting from low fuel costs, strong demand and the collapse of Air Berlin, the German flag carrier has reported record profits for 2017. But the air is getting thinner at the top of the European aviation business.
Airlines are going out of business but the current consolidation in European aviation is "long overdue" say experts. More change is coming, but, overall, things look good for consumers as competition stays fierce.
Germany's flag carrier is expanding rapidly after taking over a large part of the fleet of insolvent rival Air Berlin. The hiring spree will boost payrolls at both Lufthansa itself and its low-cost subsidiary Eurowings.
At its annual shareholder meeting, Germany's scandal-hit Deutsche Bank has said it's seeking to make former top managers pay for past mistakes. Investors want a bigger say in future capital increases.
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