Lufthansa Aims for Profit Boost, Plans 4,000 Job Cuts by 2030
Lufthansa has set more ambitious profit targets and plans to cut around 4,000 jobs by 2030 to make its business more robust against demand fluctuations and fuel price changes. The company aims for less bureaucracy and more digital processes, but faces operational challenges such as collective bargaining agreements and airport fees.
Early signs of stable demand for summer bookings and a solid winter half-year from business travel and domestic traffic have provided planning certainty for the Lufthansa share. The recent recovery rally was driven by better-filled aircraft and solid summer demand, but the company must now translate this momentum into reliable margins.
Lufthansa's transformation, led by experts like Katja Michalek, aims to reduce bureaucracy and make the business more resilient. The market now evaluates the Lufthansa share not only on current load factors but also on the company's ability to reduce fixed costs while maintaining punctuality. The job cuts primarily target indirect functions, ensuring daily operations remain stable and planned savings are not eaten up.
Lufthansa's ambitious profit targets and job cuts aim to make the business more robust and efficient. With stable demand and a solid winter half-year, the company has gained planning certainty. However, the market will closely watch Lufthansa's ability to translate this momentum into reliable margins and successfully implement its transformation measures.
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