Interest rate shouldn’t be seen as main tool for financial stability: BoC

first_img Rising interest rates could dampen stimulus impact: PBO The Bank of Canada’s benchmark interest rate needs help in shoring up the financial system from growing risks like rising consumer indebtedness, deputy governor Timothy Lane said in a speech Monday. Increased government spending, also known as fiscal stimulus, and regulatory changes to curb the accumulation of household debt are other tools that can be used alongside monetary policy, Lane said. “One thing is clear: monetary policy alone cannot be responsible for maintaining financial stability,” he said in a speech at the HEC Montreal business school. Lane said the central bank has identified the combination of climbing household debt and elevated house prices as the financial system’s most concerning vulnerability. This weak spot has been exacerbated by the use of monetary policy, which has led to an extended era of low interest rates. The bank has repeatedly warned that indebtedness, and its associated risks, have continued to inch higher. This creates a scenario where government spending can be used to stimulate the economy, particularly at a time of cheap borrowing rates, Lane said. He warned, however, that at a certain point expanding public debt can have its own negative effects on the economy and the financial system. “But these costs need to be set against concerns that prolonged monetary policy stimulus may result in an excessive buildup of private sector vulnerabilities,” he said. “These issues are relevant to the renewed discussion of fiscal policy that is now taking place in Canada.” Lane’s remarks reinforced recent arguments made by Bank of Canada governor Stephen Poloz. Last month, Poloz held off on lowering the central bank’s trend-setting interest rate as a way to help the struggling economy. Poloz said the decision was made after the bank factored in the Liberal government’s pledge to pump tens of billions of dollars into infrastructure projects over the coming years. The government is expected to unveil its infrastructure spending plans in the spring federal budget, which could be released as early as next month. Poloz has said any fiscal measures would likely help the Canadian economy, which has suffered from falling commodity prices. On Monday, Lane also highlighted other measures that can help shield the financial system, such as the tightened mortgage financing rules introduced in recent years. These “macro-prudential” measures brought changes, such as raising minimum down payments. Andy Blatchford Share this article and your comments with peers on social media Keywords Interest ratesCompanies Bank of Canada Related news BoE predicts best economic year for the U.K. since 1941 Facebook LinkedIn Twitter Fed warns U.S. financial system remains vulnerablelast_img read more

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Toronto stock market drops again

first_img Facebook LinkedIn Twitter TSX gets lift from financials, U.S. markets rise to highest since March Share this article and your comments with peers on social media In New York, the Dow Jones industrial average was down 32.14 points at 25,625.59. The S&P 500 index was down 13.09 points at 2,805.37, while the Nasdaq composite was down 48.15 points at 7,643.38.The Canadian dollar traded at an average of US74.55¢ compared with an average of US74.70¢ on Tuesday.The May crude contract was down 53¢ at US$59.41 per barrel and the May natural gas contract was down 3.2¢ at US$2.72 per mmBTU.The April gold contract was down US$4.60 at US$1,310.40 an ounce and the May copper contract was up 0.9 of a cent at US$2.86 a pound. Toronto stock market dips on weakness in the energy and financials sectors Keywords Marketwatch Canadian Press S&P/TSX composite hits highest close since March on strength of financials sector Related news Canada’s main stock index fell again as it continued to bob up and down on investor angst about the global economy and the outcome of Brexit.The S&P/TSX composite index closed down 22.63 points to 16,132.53. Stock market quotes holyhikaru/123RFlast_img read more

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Awards success for Coal Authority and partners

first_imgAwards success for Coal Authority and partners The Coal Authority’s latest innovative collaboration has been recognised with two awards.The ground-breaking work, to treat soil heavily contaminated with arsenic at the Mersey Gateway toll bridge site in Cheshire, won Best Re-use of Materials and Best Infrastructure Project at Environment Analyst’s Brownfield Awards 2020.As well as bringing sustainability benefits, by cutting carbon emissions and preventing landfill, it is estimated that safely reusing the hazardous material saved around £2 million.It is now hoped the process could be repeated at other sites where disposal or off-site treatment is not practical or economically viable.As part of our work to make a better future for people and the environment in mining areas, we operate 82 treatment schemes in the UK, cleaning 122 billion litres of mine water every year to prevent iron solids entering watercourses, aquifers and the sea.This process removes thousands of tonnes of hydrous ferric oxide (HFO), also known as ochre, which has a high sorption capacity – a process by which one substance becomes attached to another – for metals and phosphate.After laboratory and field trials demonstrated the suitability of ochre for remediation, an optimised mix was designed to meet the exacting standards of the project and gained approval from regulators.More than 5,000 tonnes of ochre were collected from 4 Coal Authority mine water treatment sites across England, Wales and Scotland and delivered to the Mersey Gateway project.Using magnesium oxide as a cementitious binder, 9,000m3 of contaminated soil were then stabilised on site and reused under an environmental permit.Jon Aumonier, of the Coal Authority’s Innovation team said:This optimised mix design has never been applied to the treatment of contaminated soils before and is unique to this project, which was one of the largest brownfield infrastructure projects completed in Europe in recent years.The work was carried out for Merseylink, the consortium behind the Mersey Gateway, with partners including CE Geochem, RSK Group, AECOM and RemedX UK.As well as being ideal for immobilising contaminants – such as arsenic, lead and cadmium – on former industrial sites, ochre also acts as a replacement for ferric sulphate in waste water treatment and can even be used as an iron oxide pigment to create fine art paints.We are always researching new ways of using ochre as a valuable resource in a variety of different projects.Contact our Innovations team if you think they could help you. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:arsenic, carbon emission, coal, environment, Europe, future, Government, infrastructure, innovation, mining, project, Scotland, sustainability, UK, UK Government, Water, water treatmentlast_img read more

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Takata recall reaches conclusion

first_imgTakata recall reaches conclusion The worldwide Takata airbag recall is the largest automotive recall ever undertaken with over an estimated 100 million vehicles affected.In February 2018, the Coalition Government initiated a mandatory recall of all vehicles fitted with defective Takata airbags that could have potentially caused injury to drivers and passengers to be completed by the end of 2020.As of 31 December 2020, 99.9 per cent of 3.06 million affected vehicles have been recalled.The Australian Competition and Consumer Commission is currently assessing just 3,649 vehicles for deemed compliance in cases where the owner was not contactable or has not responded to the recall, the vehicle has been unregistered for two years or more, or the vehicle has been scrapped, exported or stolen.The Commonwealth Government would like to thank the ACCC, manufacturers and Australia’s car dealers for playing a proactive and vital role in ensuring the success of this recall.A list of all affected vehicles and suppliers is located on the Product Safety Australia website /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:ACCC, airbag, AusPol, Australia, Australian, Australian Treasury, car, Commission, commonwealth, dealers, Government, recall, Safety, stolen, Takata Airbags, vehicle, websitelast_img read more

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Yarrawonga Library project forges ahead

first_imgYarrawonga Library project forges ahead In response to the recent announcement of the $1 million Living Libraries grant, Moira Shire Council voted at last week’s ordinary meeting to finalise the design of the new Yarrawonga Library and put the project out to tender once planning approval is secured.Mayor Libro Mustica said council also voted to undertake demolition works separately to the building component of the project so that tenderers have a cleared site to work with.“The $1 million grant from the State’s Living Libraries Program is in addition to the $3.75 million from the Community Infrastructure Loans Scheme, which offers low-interest, subsidised loans to councils for infrastructure projects,” Cr Mustica said.“This funding, combined with a budgeted council contribution, will mean we are ready to move the project forward sooner rather than later.“We are extremely appreciative of the Victorian Government’s financial support in arranging the low interest loan and the Living Libraries grant.“We are also supportive of the State Government’s decision to amend Victoria’s planning provisions to streamline planning approvals for council and state infrastructure projects to stimulate the economy as we recover from COVID-19.”Cr Mustica said the project aimed to create a vibrant and diverse community hub.“This project has been in the planning stages for a number of years and during that time we have been working closely with user groups of the existing Community Hall and precinct to incorporate, where possible, the services and facilities they want into the new designs,” Cr Mustica said.“We understand and acknowledge there are a small group of community members who are against this development, however the majority of people we have surveyed, spoken to and heard directly from are fully in favour of the library project and can’t wait to see it commence.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:building, community, council, covid-19, Economy, Government, infrastructure, loan, local council, Moira, Moira Shire Council, project, Victoria, Yarrawongalast_img read more

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Focus on Academics: Study tips

first_img Published: Sept. 19, 2016 A big part of being successful as a Buff is learning to study like a pro. Click through for some study tips and resources.Study tips:Time management: Calendar your free time outside of class and work to include a balance of study time, free time, personal time, etc. Study groups: Study groups have been shown to improve academic performance. Meet people in your classes and start a study group!Find your study spot: Whether you’re looking for seclusion, a nice view or somewhere nearby to get a snack, the CU Boulder campus boasts a wealth of places to study. Campus study spots.Office hours: Use your professors’ office hours as a tool in your study tool kit.Talk to your advisor: Your advisor can help you develop strategies for achieving your academic goals and deal with any academic difficulties you may be experiencing.Campus resources:Academic skills workshopsAcademic support and resourcesTutoring Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mailcenter_img Categories:AcademicsCampus Communitylast_img read more

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Seasoned Wine Writer and National Geographic Photographer Collaborate on the Definitive…

first_img TAGSMatt KettmannNational Geographic AdvertisementAt over six hundred pages, Vines & Vision: The Winemakers of Santa Barbara County, delivers the most in-depth study of Santa Barbara wine country yetSanta Barbara, CA – Unlike Northern California regions like Sonoma and Napa, where countless pages in numerous books have waxed on about their people and places, Santa Barbara wine country is decidedly lacking in books about the region, with just a handful published over its entire modern history. That’s changing this year with the publication of Vines & Vision: The Winemakers of Santa Barbara County, an intimate yet sprawling 632-page study of more than 100 wineries and vineyards in the region by writer Matt Kettmann and photographer Macduff Everton. Santa Barbara County winemaking pioneer Richard Sanford (Founder, Sanford Winery, Alma Rosa Winery) who penned the book’s forward, says, “In Vines & Vision, Matt and Macduff have captured that pride with their photographs and profiles of the important people and places in our wine region. They are uniquely qualified to tell this story.”“This felt like an opportunity to do my part in showing others what makes our region so honestly special, from the unique geography to the colorful characters,” says author Matt Kettmann (editor at The Santa Barbara Independent and Wine Enthusiast), who’s been covering the region as a journalist since 1999 and reviewing more than 150 Central Coast wines every month since 2014. He collaborated on the project with renowned photographer Macduff Everton (National Geographic, Conde Nast), who has photographed the area’s winemakers and vineyards since the early 1990s. After working together on Around the Table, a book about The Lark, a popular Santa Barbara restaurant, the two plotted out plans for a wine book over pints of Guinness in the fall of 2017.“It’s been a longer than expected haul,” says Kettmann of the process. “We’ve spent almost three years corralling grape growers and winemakers for photo shoots, interviewing so many of them again, and, in some cases, hanging out for the first time.”The results are riveting reading, with winemakers, farmers, and vineyard workers sharing their stories in ways that are often unexpectedly candid. While exploring the vineyards, Everton made fast friends with the many Spanish-speaking workers, as he’d spent so many years of his career covering the Maya people of Mexico, as detailed in his book The Modern Maya Incidents of Travel and Friendship in Yucatán (Univ. of Texas Press).   “Macduff made an immediate and deep connection with the hundreds of farmworkers who do the hard work in the vineyards every day and began shooting portraits of them as well, toting a portable backdrop along to every visit,” explains Kettmann. Those efforts expanded into a separate chapter called “El Buen Equipo,” or “The Good Team,” which features those farmers as well as people in every other role required to bring a vintage to market, from PR pros and marketing executives to wealthy proprietors.With over 100 chapters, Vines & Vision: The Winemakers of Santa Barbara County focuses on the people, places, history, geography, and diverse culture in one of America’s leading wine regions. It shines a bright light on both familiar and famous faces from the region, as well as the industry’s often unsung heroes; the laborers, farmers, office workers, and numerous others who are vital to and instrumental in taking each and every vintage to market. Because of its comprehensive nature, Vines & Vision will be the primary reference text for this region for decades to come. Lane Tanner, whose eponymously named brand was synonymous for years with the Santa Maria Valley appellation, says,  “Macduff and Matt’s new book is not only a definitive informational source, it delivers seriously fun facts that I have never seen in print before! Super cool read!”“In a culture increasingly marked by quick sound bites of information and abridged attention span, we seldom have the privilege to experience thorough investigation and discovery,” says winemaker Greg Brewer (Brewer-Clifton, diatom, Ex Post Facto). “Vines and Vision is one of those rare examples which demonstrates a metered pursuit to portray a multi-faceted representation of Santa Barbara County winegrowing. The diversity of this landscape is only rivaled perhaps by the variety of its people which requires not only patience but also a keen eye to carefully uncover.  Through their tireless efforts, Matt Kettmann and Macduff Everton have done just that to produce a stunning work which harnesses the intensity of the topography and intimately captures the passion of those working within. The trust and intimacy that they have forged with everyone in Santa Barbara is shared throughout each and every page of this significant work that will forever hold a vital position in the history of this unique area.”The book also includes essays on the history of the region (bolstered by Everton’s treasure trove of older photos), an exploration of Santa Barbara’s unique geography, descriptions of each appellation, and coverage of an entire growing season, from pruning to bottling. Featuring intimate portraits of winemakers, the book is very personal in nature, driven by the people and places that make Santa Barbara wine country so special.“This insightful book captures the essence of Santa Barbara County’s soul,” said sommelier and winemaker Rajat Parr. “Matt Kettmann and Macduff Everton dive deep into the terroir of the region and showcase its trailblazers. A groundbreaking resource for the Santa Barbara wine country.”To purchase Vines & Vision: The Winemakers of Santa Barbara County please visit https://www.vinesandvisionsb.com/. It is also available at bookstores and wineries throughout Santa Barbara County.Advertisement ReddIt Twitter Linkedin Share Facebook Previous articleWente Family Estates Announces Key Promotions for Its Sales & Marketing TeamNext articleMaryland Wine Fans Can Enjoy More Local Wine From Home Press Release Home Industry News Releases Seasoned Wine Writer and National Geographic Photographer Collaborate on the Definitive Santa…Industry News ReleasesSeasoned Wine Writer and National Geographic Photographer Collaborate on the Definitive Santa Barbara County Wine BookBy Press Release – October 28, 2020 307 0 Pinterest Emaillast_img read more

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No ‘Definitive Signs of Improvement’ in Housing

first_img Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. A recent housing report by the University of Montana Bureau of Business and Economic Research comes to a sobering conclusion: “Three years into its real estate slump, Montana’s housing markets do not yet show definitive signs of improvement.” The report includes all the familiar words Montanans have learned to accept as reality. Foreclosures. Declining prices. Debt. And the words may have to stay in our everyday vocabulary for a while longer. “Even as the rest of the state economy swings to growth, the data clearly portray the 2010 as another year of adjustment and correction in Montana’s housing markets,” the report states. But the report offers a “silver lining,” offering a word most people can appreciate, unless they’re trying to sell their homes: “affordability.” Even struggling markets have their upside. Yet Flathead County remains one of three counties in the state that fall short of Housing and Urban Development’s affordability threshold. The other two counties considered “unaffordable” are Ravalli and Gallatin. Households earning the median income in those counties devote more than 30 percent of their income toward paying for a median-priced home. The good news, however, is that Flathead and Gallatin “saw significant gains in affordability,” according to HUD’s Housing Affordability Index (HAI). Missoula County is now in the affordable range. The median price of residential home sales in Flathead County last year dropped to $197,000, down from $249,000 in 2007. The 2010 median price in Gallatin was $244,000, down from a high of $310,000 in 2006. Gallatin County’s homeowners, however, make much more money than those in the Flathead, while also exceeding national and statewide averages. The median household income among homeowners in Gallatin was $65,777 in 2009, the report states, compared to $51,653 in Flathead. “(Flathead and Gallatin) remain just shy of the affordability threshold,” it continues. The report, titled “Housing Affordability and Montana’s Real Estate Markets,” was prepared by UM’s Patrick Barkey and James Sylvester for the Montana Association of Realtors (MAR). The report was released in June. It marks the fourth straight year that the association has partnered with UM’s Bureau of Business and Economic Research to produce the report. Ronda Tompers, president of the MAR, said depressed prices have combined with low interest rates and ample inventory to create optimal buying conditions. “Not since the onset of the housing boom have homes in Montana been more affordable than they are right now,” Tompers said. “Whether you are a first-time homebuyer, or an existing homeowner looking to either upgrade or downsize, every market has a great inventory of homes to choose from at attractive prices.” Across the state, prices have trended downward for two consecutive years, the report notes, with one notable exception, Billings. Falling prices put pressure on lending institutions using real estate as collateral for mortgages while hurting speculative investment, which affects new construction. “Few observers expect housing markets in general, and new construction in particular, to recover until prices stabilize,” the report says. According to the report, “the recession hit the Flathead economy harder than any other major urban area in the state,” exacerbating the housing market’s woes. While describing “the evolution of Kalispell into a regional trade and service center” as a positive, the UM report anticipates continued tough times ahead for the overall Flathead economy. “It will be at least 2014 before real nonfarm labor income (an overall measure of the economy) in Flathead County regains its 2007 peak,” the report states. “It will take even longer for employment to regain its pre-recession level.” Emaillast_img read more

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People affected by illness benefit delays to be compensated

first_img FT Report: Derry City 2 St Pats 2 Previous articleWork begins on restoring historic bridge in GlenswillyNext articleOver 30 people awaiting admission to LUH News Highland AudioHomepage BannerNews People affected by illness benefit delays to be compensated Derry draw with Pats: Higgins & Thomson Reaction DL Debate – 24/05/21 Pinterest Harps come back to win in Waterford A Donegal Deputy has welcomed confirmation that compensation will be made available for people who incurred financial penalties as a result of Illness Benefit delays.Social Protection Minister Regina Doherty told Deputy Thomas Pringle that compensation will be afforded those who were affected by the delays last year.Those affected are now being urged to present receipts at the local Community Welfare Office and an Exceptional Needs Payment will be issued.Deputy Pringle, who raised the issue in the Dail on a number of occasions, says the Department need to take responsibility for the delays:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/02/pringghjghjhgjghlebenefit.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. News, Sport and Obituaries on Monday May 24th Twitter Facebookcenter_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook WhatsApp By News Highland – February 20, 2019 Twitter Pinterest Google+ Google+ Important message for people attending LUH’s INR cliniclast_img read more

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News / Cargo flights boost Korean Air results, but are ‘a rare bright spot’ for Lufthansa

first_img© Colicaranica Korean Air has bucked the global trend and made a profit in the second quarter, off the back of a 95% increase in cargo sales.The carrier’s April to June operating profit was KRW148.5bn ($125m), with net profit of KRW162.4bn, against a net loss a year earlier of KRW380.7bnCargo revenues reached KRW1.23trn, and the carrier said: “Increased cargo deliveries helped offset a sharp decline in passenger travel demand.”The airline plans to turn some of its 26-strong 777300ER fleet into cargo-only aircraft, and said it expected cargo volumes to increase as a result. It also operates 23 freighters.Lufthansa, which operates 17 freighters, was not so lucky, despite Lufthansa Cargo being a major contributor to its parent group’s second-quarter results, which saw an adjusted ebit loss of €1.7bn ($2bn), against a €754m profit a year earlier.The first half saw revenues fall 52% to €8.3bn, while adjusted ebit was -€2.9bn, against €418m a year earlier. The first-half net loss was more than 3,000% lower than a year earlier, at €3.6bn.As with many other airlines, cargo was a rare bright spot for Lufthansa. The significant increase in yields saw the logistics division’s second-quarter adjusted ebit rise to €299m, after a €9m loss a year earlier, on revenues of €766m, up 23%. The first half netted revenues of €1.32bn, up 7% on a year earlier. Adjusted ebit for the first half soared 1,747%, to €277m.Capacity across the Lufthansa group fell by 95% in the second quarter, while freight capacity fell 54%; in the first half, cargo capacity fell by 36%.But the financial stabilisation package has begun to take effect, with the group receiving €2.3bn since the beginning of July.Lufthansa said it did not see a full recovery until 2024 “at the earliest”, and has launched its ReNew restructuring programme, which will see 22,000 full-time job cuts, and 100 fewer aircraft in its fleet until 2024, when the fleet will be back at 2019 levels.The executive level will see 20% of jobs cut, while across administration, 1,000 will go. The carrier plans to pay back the funds from the stabilisation package “as soon as possible”.While it said it had tried to limit the number of redundancies, “against the background of the market developments in global air traffic and based on the course of the negotiations on necessary agreements with the collective bargaining partners, this goal is no longer realistically within reach for Germany either”.Carsten Spohr, chairman and chief executive, said: “We are experiencing a pause in global air traffic. We do not expect demand to return to pre-crisis levels before 2024. Especially for long-haul routes, there will be no quick recovery.“We were able to counteract the effects of the coronavirus pandemic in the first half of the year with strict cost management, as well as with the revenues from Lufthansa Technik and Lufthansa Cargo. And we are benefiting from the first signs of recovery on tourist routes, especially with our leisure travel offers of the Eurowings and Edelweiss brands.“Nevertheless, we will not be spared a far-reaching restructuring of our business.“We are convinced that the entire aviation industry must adapt to a new normal. The pandemic offers our industry a unique opportunity to recalibrate; to question the status quo and, instead of striving for growth at any price, to create value in a sustainable and responsible way.”The third quarter will see Lufthansa reinstate capacity – about 40% of its planned space on short- and medium-haul routes, and it will offer just 20% of its long-haul services. In the final quarter of the year, it hopes to offer 50% of long-haul capacity and 95% of short and medium.“Thanks to a high degree of flexibility in supply and capacity planning, this figure can also vary at short notice,” it added. By Alex Lennane 06/08/2020last_img read more

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