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Frankfurt / Main (dpa) - After what was probably the most difficult financial year in the company's history, the Lufthansa Executive Board will appear before the shareholders today.
At the Annual General Meeting, which was once again only held on the Internet, the record loss of 6.7 billion euros from the previous year is up for discussion, as is the course from the Corona crisis.
In view of the still low air traffic, there should again not be a dividend for the shareholders.
After the rescue with 9 billion euros in government aid, the group is fighting for its independence.
The board wants to obtain a reserve resolution from the owners in order to be able to raise up to 5.5 billion euros of new equity at an as yet unknown point in time, which would dilute the shares of the previous owners.
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In particular, Lufthansa does not actually want to draw the Federal Republic's silent participations because of the high costs in the medium term.
CEO Carsten Spohr therefore wants to solicit the approval of the shareholders in his speech.
In advance, the cooperative fund company Union Investment and environmentalists have called for greater efforts to reduce the environmental pollution caused by flying.
The current and future staff reductions also met with criticism.
Union Investment does not want to approve the capital increase resolution.
The sales of the MDax group dropped by 63 percent to 13.6 billion euros in 2020 due to the collapse of air traffic.
The equity recently melted to around 2 billion euros.
By the end of the first quarter of 2021, around 30,000 of the 140,000 employees had left the group within one year.
The catering business in Europe was sold, the airlines Germanwings and SunExpress Germany were closed.
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The group had confirmed last week that it wanted to cut another 10,000 full-time positions in Germany alone.
At the end of March there were still 93,500 full-time positions in the group, of which 52,200 were in Germany.
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