Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Lufthansa threatens to reduce Frankfurt flights over fee row

Published 13/12/2016, 15:44
© Reuters. Planes stand on the tarmac during a pilots strike of German airline Lufthansa at  Munich airport
LHAG
-
FRAG
-
0RYA
-

FRANKFURT (Reuters) - German airline Lufthansa (DE:LHAG) warned that it could move some of its flights away from Frankfurt airport because of a fee structure that it argues favours rivals such as Ryanair (I:RYA).

Lufthansa, which accounts for two thirds of passenger volume at Frankfurt, has criticised airport operator Fraport (DE:FRAG) for its new fee structure which offers incentives to airlines that increase their passenger numbers by opening up a new route or increasing capacity.

The new fees are being introduced just as Ryanair plans to move into Lufthansa's home hub of Frankfurt, stepping up its push into bigger airports and ratcheting up pressure on the German carrier, which is expanding its own budget flights.

"One of the consequences could be that we give up some routes," Lufthansa board member Harry Hohmeister told journalists on Tuesday, adding that the carrier was considering legal steps against the fee structure.

He did not specify which airport Lufthansa might use as an alternative were it to move some flights. Lufthansa would hold talks with Fraport about the matter in January, he added.

© Reuters. Planes stand on the tarmac during a pilots strike of German airline Lufthansa at  Munich airport

The dispute adds to Lufthansa's problems as it struggles to resolve a long-running dispute with pilots which has cost the airline hundreds of millions of euros in lost profit since 2014.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.