we're joined by simone menne, ceo of deutsch lufthansa. how challenging will the second half of the year be? there doesn't seem to be indication that the pricing pressure is easing. >> you're absolutely right. we see the pricing pressure is there and we'll continue to stay as the local carriers are entering into our home markets. on the other hand, we are well prepared because we have our new platform euro wings with a different cost base than the premium platform. we feel we're well prepared but there will be pressure. >> you're also doing a number of new tariffs, ticket price system for economic and business class, ie pay what you use. you're looking at charging a fee for third parties or those that book through third parties. that's around 70% of your ticket sales. is that quite a risky strategy to be employing at this stage? are you sure this is going to translate to greater profitability? >> we are pretty sure that our new fare structure is fitting into the market and the needs of our customers and to the individualized possibility to

we are talking to lufthansa, getting some news flow in terms of those headlines from germany. ♪ manus: shellshocked. announces its cutting 6500 jobs. francine: deutscheits jump. presses ahead with the turnaround at -- turnaround plan. manus: the fed may raise rates. -- the flow continues with u.s. gdp later today. ♪ manus: good morning to our viewers in europe. welcome if you're just wiki up in the united states. i am manus cranny. francine: i am francine lacqua. manus: coming up, we're going to talk to lufthansa cfo simon. francine: make sure you stay tuned to that. manus: it has been a huge morning for earnings. almost 70 have reported their numbers. let's take a look at some of the big ones on our radar. francine: shell says it plans to cut 6500 jobs. that second-quarter adjusted billion.opped $2.8 the slump has forced shell to reduce spending. manus: deutsche bank says it's profits tripled. the tax bill fell. from 237 million euros seen earlier. he is pressing ahead with the bank possible plan to bolster profitability by cutting back businesses. posted a rds has second quarter profit. it came in at 293 million pounds. the ceo is selling assets an