The operating result (underlying EBITA) climbed by 22.9 percent to 1.069 billion euros. It amounted to €1.004 billion, up 15.4 percent.

Falling airfares are helping to support strong growth in global air passenger traffic, according to IATA.

Lufthansa has agreed to a pay deal with its 30,000 ground staff with a hope to avoid further strikes. The deal has been struck with the service sector union, Verdi which has been promised pay rise of 2.2 per cent, €2,250 (£1,580).

The Ritz-Carlton St Thomas has a new owner. The property, which recently underwent a $22 million renovation, is being acquired by Dallas-based Ashford Hospitality Prime for $64 million from Marriott.

We learned a lot from a Millennial roundtable we held in New York recently; here are the top takeaways if you’re seeking to sculpt a marketing plan to reach this very large audience.

The company has revised its business plan from an initial investment of $150 million to $600 million, Bahamas Prime Minister Perry Christie said.