Lufthansa to Cut Costs

Sunday Business (London, England), August 5, 2001 | Go to article overview

Lufthansa to Cut Costs


Lufthansa to cut costs

Lufthansa, the German national airline, will this week reveal that its growth is set to plummet from 20% to just 1.5% and announce a sweeping review of costs.

Pension-fund failure

Most pension funds have failed to put in place checks ensuring that trustees and managers are meeting stated ethical policies, according to a study by Friends of the Earth published today .

Qatar gas shortlist

BP, Shell, Conoco, Exxon Mobil and Occidental were yesterday shortlisted to buy part of a 75% stake in Dolphin Energy, the $4bn project to transport Qatari natural gas to Oman and the United Arab Emirates. Total-FinaElf of France owns the remaining stake.

South American pledge

The International Monetary Fund is ready to speed up a $1.2bn loan to Argentina and set up a $15bn emergency credit line for Brazil to try to contain the two countries' economic problems.

Korean 3G licence bid

Korea's LG Telecom yesterday submitted a bid for the country's last 3G mobile-phone licence.

Snappy delivery

United Parcel Service is investigating how it shipped a live 5ft alligator overnight from Atlanta to New York City. …

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