<?xml version="1.0" encoding="utf-8"?>
<export-example>
  <doc>
    <id>1479</id>
    <completedYear/>
    <publishedYear>2023</publishedYear>
    <thesisYearAccepted/>
    <language>eng</language>
    <pageFirst/>
    <pageLast/>
    <pageNumber>67</pageNumber>
    <edition/>
    <issue/>
    <volume/>
    <type>bachelorthesis</type>
    <publisherName/>
    <publisherPlace/>
    <creatingCorporation/>
    <contributingCorporation/>
    <belongsToBibliography>1</belongsToBibliography>
    <completedDate>--</completedDate>
    <publishedDate>--</publishedDate>
    <thesisDateAccepted>--</thesisDateAccepted>
    <title language="eng">Motivations and Implications of the Lufthansa Bailout during the COVID-19 Pandemic</title>
    <abstract language="eng">The bailout of Lufthansa in June 2020 was subject to controversial debate due to its size and conditions. To better understand the situation, this paper aims to answer the question "What were the motivations and implications of the Lufthansa bailout during the COVID-19 pandemic?" by analyzing Lufthansa's economic environment before and after the crisis. On the basis of projected hypotheses, the impact on the German economy, Lufthansa's operations, as well as similar bailouts during the same period were examined. The findings suggest that engaging in the bailout was the best option for both Lufthansa and the German government with both parties profiting considerably from the deal. More precisely, it was found that: (1) the bailout was realized because Lufthansa was "too big to fail", (2) its employees criticized the cost-saving measures and conditions of the bailout, (3) Lufthansa was able to offset its losses with its cargo and maintenance business and recovered well with the financial support, (4) Lufthansa's performance aided the German economy in its recovery by supporting various economic sectors, (5) public perception of Lufthansa deteriorated following the bailout and travel chaos in 2022, (6) Lufthansa gained a competitive advantage over its competitors who did not receive government support.</abstract>
    <identifier type="doi">10.60524/opus-1479</identifier>
    <enrichment key="OpenAccess">ja (Diamant)</enrichment>
    <enrichment key="opus.source">publish</enrichment>
    <enrichment key="frontdoor_url">https://opus4.kobv.de/opus4-hs-augsburg/1479</enrichment>
    <licence>Creative Commons - CC-BY Namensnennung 4.0 International</licence>
    <author>Simon Geh</author>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>aviation</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>Covid-19 pandemic</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>corporate bailout</value>
    </subject>
    <subject>
      <language>eng</language>
      <type>uncontrolled</type>
      <value>competitive advantage</value>
    </subject>
    <collection role="ddc" number="33">Wirtschaft</collection>
    <collection role="open_access" number="">open_access</collection>
    <collection role="institutes" number="">School of Business</collection>
    <collection role="DFG-Fachsystematik" number="112-03">Betriebswirtschaftslehre</collection>
    <file>https://opus4.kobv.de/opus4-hs-augsburg/files/1479/BA_Simon_Geh_mit_DOI.pdf</file>
  </doc>
</export-example>
