He started his journalism career in 1992 as a freelance writer for Sueddeutsche Zeitung, Germany’s largest daily national newspaper and soon specialised in air transport. Jens joined Aviation Week and Aviation Daily in 2000 as one of the European correspondents. Later his role was expanded to cover international air transport. In 2013 he was named Managing Editor Commercial.
Jens frequently appears on radio and TV to comment on industry matters. In 2003, he received the Hugo Junkers Award of the German aviation press for his coverage of Fairchild Dornier’s bankruptcy. He was named the country’s top travel and air transport writer by the Travel Industry Club three times. Jens graduated from the Munich School of Journalism.
Lufthansa faces an even gloomier financial outlook in 2005 than the airline's management expected only a few months ago. The main culprit is stubbornly high fuel prices. So pressured is the carrier that industry analysts believe some divestitures might be unavoidable. Under the revised outlook, Lufthansa expects only to reach last year's 383-million-euro ($490-million) operating profit. Results for 2004 were negatively affected by write-offs that don't play a role in 2005.
MTU Aero Engines plans to hold its initial public offering (IPO) next month, the company said this week. "Conditions for a successful flotation are good from our point of view," CEO Udo Stark said at the company's annual news conference in Munich. The IPO is planned to be implemented by means of a capital increase, but MTU's current owner, private equity firm KKR, also plans to sell part of its stake. KKR bought MTU last year from DaimlerChrysler.
Lufthansa predicted that its full-year operating profits will fall short of last year's level, as fuel prices continue to hurt the airline's operating performance. The carrier paid 35.1% more for fuel in the first quarter, increasing the bill to EUR458 million (US$586 million). The airline is trying to avoid the cost increases through an internal efficiency enhancement program that, according to Chairman and CEO Wolfgang Mayrhuber, is on track to meet its targets. Cargo Boosted Revenue
