lufthansa
German national carrier Lufthansa reported its first quarter 2024 earnings on Tuesday, clocking in an operating loss of -€849 million, a steep plunge from Q1 2023's loss of -€273 million euros. However, the group saw its revenue for the first quarter rise 5% year-on-year to €7.4 billion, up from €7 billion in Q1 2023. Net loss for the group was -€734 million, down from Q1 2023's -€467 million. This was mainly due to ongoing strike actions by both Lufthansa's employees, as well as partner companies' employees, which also affected the wider airline industry. Unit costs for Lufthansa's Passenger ...
Euronews (English)
German flagship airline Lufthansa is cutting costs after labour strikes in the first quarter, with measures including hiring fewer staff in administration. At the presentation of the final quarterly figures for this year in Frankfurt, chief executive Carsten Spohr said that savings had to be made in all areas that did not directly affect customers. In principle, the company had resolved to manage with 20% fewer managers and employees in the administrative areas compared to 2019. The high strike costs would also have to be recouped through increased productivity, Spohr said. Tickets for the gro...
DPA International
German flagship airline Lufthansa is cutting costs after labour strikes in the first quarter, with measures including hiring fewer staff in administration. At the presentation of the final quarterly figures for this year in Frankfurt, chief executive Carsten Spohr said that savings had to be made in all areas that did not directly affect customers. In principle, the company had resolved to manage with 20% fewer managers and employees in the administrative areas compared to 2019. The high strike costs would also have to be recouped through increased productivity, Spohr said. Tickets for the gro...
DPA
German flagship airline Lufthansa is cutting costs after labour strikes in the first quarter, with measures including hiring fewer staff in administration. At the presentation of the final quarterly figures for this year in Frankfurt, chief executive Carsten Spohr said that savings had to be made in all areas that did not directly affect customers. In principle, the company had resolved to manage with 20% fewer managers and employees in the administrative areas compared to 2019. The high strike costs would also have to be recouped through increased productivity, Spohr said. Tickets for the gro...
DPA Breaking News
German national carrier Lufthansa is cutting costs after labour strikes in the first quarter. When presenting its final quarterly figures in Frankfurt on Tuesday, the MDax-listed company announced that its core brand Lufthansa intends to reduce operating costs, stop new projects and review administrative hiring. Group-wide, chief executive Carsten Spohr expects flight capacity for 2024 to be only 92% of the level seen before the Covid-19 crisis. However, bookings for the summer half-year are 16% higher than a year ago. Spohr had already slashed his profit forecast for 2024 in mid-April due to ...
DPA Breaking News
Die Lufthansa geht nach den teuren Streiks zu Jahresbeginn auf Sparkurs. Vorstandschef Carsten Spohr kündigte am Dienstag ungeachtet der starken Buchungen für den Sommer an, in der Verwaltung der Kernmarke Lufthansa weniger neue Mitarbeiter einzustellen als zunächst geplant. Gespart werden müsse bei allen Themen, die den Kunden nicht direkt betreffen, sagte Spohr bei der Vorstellung der Zahlen für das erste Quartal dieses Jahres in Frankfurt. Grundsätzlich habe sich das Unternehmen vorgenommen, im Vergleich zu 2019 in den administrativen Bereichen mit 20 Prozent weniger Führungspersonal und Mi...
DPA (German)
Die Lufthansa will ihren in den vergangenen Jahren durch Verspätungen, Streiks und verlorene Koffer angekratzten Ruf mit 27.000 neuen Sitzen für Langstreckenflüge und besserem Service verbessern. Das Unternehmen wolle den Fluggästen mit den bereits vor Jahren angekündigten «Allegris»-Sitzen mehr Komfort bieten, sagte Lufthansa Airlines-Chef Jens Ritter am Donnerstag in München. Der erste «Allegris»-Airbus A350 soll nun am 1. Mai Richtung von München Richtung Vancouver abheben - zuletzt hatte die Lufthansa das vergangene Jahr angepeilt. «Unsere Geduld wurde in den letzten Monaten und Jahren ein...
DPA (German)
Cabin crew at German airline Lufthansa on Wednesday voted to accept a proposed collective bargaining deal that will run through the end of 2026. Members of the UFO flight attendants' union approved the agreement with 80.45% of the vote, the union said on Wednesday. The deal was struck two weeks ago between UFO union leaders and Lufthansa, but needed to be approved by the union's rank-and-file before taking effect. The wage dispute with cabin crew was one of several labour fights at Lufthansa earlier this year that led to repeated strikes and major disruptions. Before striking the deal, cabin c...
DPA International
Cabin crew at German airline Lufthansa on Wednesday voted to accept a proposed collective bargaining deal that will run through the end of 2026. Members of the UFO flight attendants' union approved the agreement with 80.45% of the vote, the union said on Wednesday. The deal was struck two weeks ago between UFO union leaders and Lufthansa, but needed to be approved by the union's rank-and-file before taking effect. The wage dispute with cabin crew was one of several labour fights at Lufthansa earlier this year that led to repeated strikes and major disruptions. Before striking the deal, cabin c...
DPA
Cabin crew at German airline Lufthansa on Wednesday voted to accept a proposed collective bargaining deal that will run through the end of 2026. Members of the UFO flight attendants' union approved the agreement with 80.45% of the vote, the union said on Wednesday. The deal was struck two weeks ago between UFO union leaders and Lufthansa, but needed to be approved by the union's rank-and-file before taking effect. The wage dispute with cabin crew was one of several labour fights at Lufthansa earlier this year that led to repeated strikes and major disruptions. Before striking the deal, cabin c...
DPA Breaking News
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