Germany substantially raises tax income projections - Lufthansa set to impress at shareholders meeting
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.
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.
Ryanair said its first-quarter profit dropped more than a fifth due to higher fuel costs and salaries for pilots. The budget carrier is under growing pressure to improve pay and conditions for its staff.
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