Deals
Lufthansa Tracks Air France Traffic as IAG Takeovers Narrow Gap
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Deutsche Lufthansa AG and Air France-KLM Group, absorbed with plans to end short-haul losses, saw their lead in European aviation slip last year as British Airways owner IAG SA bulked up by extending a takeover spree.
Deutsche Lufthansa AG, Europe’s second-biggest carrier, boosted passenger traffic 2.3 percent in 2013, the German company said today, just ahead of the 2.2 percent gain at market leader Air France-KLM. IAG grew at more than twice the rate of its closest rivals with a 5.8 percent advance, it said Jan. 7.