This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lufthansa: We Will Stay in Charlotte Despite Oneworld Hub

CHARLOTTE, N.C. (TheStreet) -- US Airways' merger with American (AAL)AAL means Charlotte will become a Oneworld hub rather than a Star Alliance hub, but Star co-founder Lufthansa said it will stay in Charlotte nevertheless.

Lufthansa operates daily Charlotte-Munich service aboard an A330 seating 221 passengers in three classes. US Airways, which operates about 90% of all Charlotte flights, has said it will leave Star on March 30.

About half of Lufthansa's Charlotte-Munich service originates in Europe, while about half of the passengers originating in Charlotte -- or about 25% overall -- connect to and from US Airways.

Despite US Airways' alliance switch, "we are here to stay," Juergen Siebenrock, Lufthansa vice president for the Americas, told reporters on Tuesday. "We are committed to Charlotte. We have a strong presence here. People know us. But we need some support; we need a larger portion of the local market."

Siebenrock said Charlotte-Munich is "one of our best routes," largely as a result of a strong Charlotte regional presence by scores of German corporations. In South Carolina, German company BMW is among the largest employers and Continental Tire has its U.S. tire headquarters. In fact, as Siebenrock spoke at a south Charlotte hotel, Continental Tire held a national sales conference in a nearby conference room.

But it's not just big German companies that fill the first and business class seats on the Charlotte-Munich flight. When Lufthansa inaugurated Charlotte service in 2004, the Charlotte region had about 150 German companies. Now it has more than 200. Most are mid-sized businesses.

German customers are loyal, Siebenrock said. "It's a part of their home when they step on a Lufthansa plane," he said. "Lufthansa is a very strong brand in Germany, one of the most popular employers."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs