These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
SEOUL — Europe's airline industry is ready for consolidation, and Lufthansa expects to be part of the action, the German airline's CEO told CNBC's Chery Kang on Sunday.
"There is a need and room for more consolidation in Europe. Probably looking at North America somewhat shows how the industry could develop," Carsten Spohr said during the International Air Transport Association (IATA) AGM in Seoul.
Lufthansa has been an active participant in the mergers and acquisitions (M&A) space, with Spohr pointing to previous activity with Swiss Air, Austrian Airlines, and Brussels Airlines.
"We have been active on this for many years," he said. "If there are opportunities, we surely will be ready."
The carrier currently has a bid in for Thomas Cook's Condor unit, which Lufthansa previously sold its shareholding to Thomas Cook between 2000 and 2007.
At this year's IATA AGM, industry players have been facing a slowdown in profits on the back of higher costs and global trade wars. Lufthansa is expecting single-digit earnings growth for the year, saying it is optimistic, despite posting a pre-tax loss for the first quarter of 336 million euros ($376 million).
"We had a disappointing (first) quarter in Europe, mostly dominated by overcapacity. But with strong booking outlook for the summer, we maintain optimism for the rest of the year."
Meanwhile the carrier has switched its focus to profitability from capacity growth when it comes to its low cost carrier, Eurowings, which Spohr said had been the growth driver for the group.
"We made sure we achieved the market position in important markets, and we are now going for profitability which has been somewhat neglected for the past years while we made sure we achieved strategic position."