Lufthansa looks ahead to rocky 2012

ETS is discrimination against European airlines, says CEO

One of Lufthansa’s biggest challenges in 2012 will be maintaining enough flexibility to adjust capacity as demand fluctuates around the world. Christoph Franz, the airline’s chairman and CEO, said that the global economy next year will be weak “especially in Europe, which will be hit harder than other areas.”
New aviation taxes such as ETS will add stress to an already competitive market, he explained. ETS is discrimination against European airlines, he added, which will cost LH in excess of €100 million and possibly up to €300 million a year. Lufthansa has cut down on hiring employees, since growth at the airline will be cut by two-thirds.
ATW
[pictured: Lufthansa’s Senator lounge in Munich; courtesy Star Alliance]