In a world where getting from place to place is often a matter of time, money, or both, speed and precision are often deciding factors when selecting your airline, and if speed, precision or both are your objectives in travel, you could probably not do much better than the national airline of Germany – Lufthansa.
The airline industry as a whole has gone through severe budget cuts in recent years, with most of them having to cut costs as well as manpower, so it would take a rather large company to withstand such hardships, and Lufthansa has the largest fleet of planes out of all European companies and carries the most passengers on a yearly basis, so if its Lufthansa binary options you’re after, do not worry, they are likely to be around for much longer, with or without difficulties.
Established initially in 1926 as the German flag carrier Lufthansa was disbanded shortly after World War 2 ended as the new German nation (prior to its east/west division) had all air services suspended throughout its airspace.
The company was essentially reformed in 1953 West Germany despite the fact that the nation had yet to regain control of its airspace; Lufthansa however placed an initial order for several aircraft and established a maintenance base in Hamburg.
Domestic flights started in April 1955 and international flights to London, Paris Madrid and New York followed shortly after, making Lufthansa an international company once more.
As jets started being introduced into commercial service in the 60’s the company made rather substantial orders with an eye on further expansion to remote destinations, within a couple of years it expanded to a few destinations in Africa as well as eastern capitals such as Tokyo, Bangkok and Hong Kong.
Lufthansa has also made a few purchases throughout the years; most notably they bought Swiss airlines in 2005 giving them the largest fleet by any one airline (when counting subsidiaries), They also purchased a large stake in Brussels airlines in 2009 and bought out Austrian airlines in the same year.
As we mentioned early on, the 2008 global crisis hit airlines rather hard for a variety of reasons – firstly: with air travel still being considered somewhat of a luxury, particularly with airlines considered as prestigious as Lufthansa, order from customers took a sharp turn for the worse, but perhaps even more impactful was the sudden and sharp rise in fuel prices which forced many airlines including Lufthansa to extreme cost cutting measures and an increase in ticket costs.
As a result of that crisis Lufthansa made changes to a few of its less popular lines and established a few low cost companies to act as subsidiaries, they also announced their intent to focus future orders on more fuel efficient airplanes with an initial order of 59 wide-body jets for a total cost of over €14 billion.
It would seem that the world is recovering from its recent crisis and airlines along with it, which once again makes companies such as Lufthansa a worthy binary options investment.
If you are indeed about to invest on the German airlines make sure you take special note of their income and expenditure as well as any purchases that will allow them access to developing areas, but perhaps most of all, you should also always keep an eye on fuel prices the world over, as any radical change in those will impact Lufthansa in a hurry.
Keep track of the German airline with precision and you may yet need their services on one of your many vacations.