The aviation industry is going to change dramatically over the coming weeks and months. Lufthansa thinks it is well-placed to ride this one out, but how many other airlines can say the same?
Like many other European airlines, it's been a pretty tough year for Lufthansa. The airline could probably do without a potential FAA fine hanging over it as it tries to start fresh in 2020.
Airlines are much more comfortable talking about mitigating climate change through incremental changes such as more efficient aircraft and carbon offsets. But these don't alter the fundamental problem. Flying is bad for the environment, and it's only going to get worse as demand keeps rising.
What are the chances that Lufthansa ends up owning at least parts of Alitalia and Condor? It doesn't seem enthusiastic about either, but it might be better than letting a competitor get hold of them — as long as regulators agree.
Thomas Cook wasn't just a UK business: It had operations across Europe, some of which were pretty profitable. They're now in a race against time to secure their future and find new owners.
Airline tech vendor Datalex had a spectacular accounting meltdown in 2018. Lufthansa, its largest customer, wants to kill its contract. Meanwhile, Datalex's auditor threw up its hands and quit. What a mess.
Lufthansa had it pretty easy in its home market for a long time, but sustained low-cost competition has come at a bad time. It will be hoping a revamped Eurowings is enough to see off EasyJet and Ryanair.
It's never dull in the airline industry, and the first half of 2019 has been no exception. We were hard-pressed to single out the most interesting region. But the industry in Europe had the wildest ride in the first half, with high-profile bankruptcies, a few strikes, impending acquisitions, changing business models, and the perennial Alitalia saga.