The strikes of the past few months have not left Lufthansa unscathed. Now costs should be reduced. The board had already slashed its profit forecast in mid-April.
Lufthansa is reducing costs after the expensive strikes in the first quarter. The core brand Lufthansa wants to reduce material costs, stop new projects and examine administrative hiring, the MDax-listed company announced when presenting the final quarterly figures in Frankfurt.
Group-wide, CEO Carsten Spohr only expects a flight offering of 92 instead of 94 percent of the level from before the Corona crisis in 2024. However, bookings for the summer half of the year are 16 percent higher than a year ago.
Spohr had already slashed his profit forecast for 2024 in mid-April due to the impact of the strike. The manager only expects an adjusted operating profit (adjusted EBIT) of around 2.2 billion euros – half a billion less than originally targeted.
Source: Stern
