Lufthansa to cut €1.5 billion in costs by 2015

German giant plans tough cost cutting over next three years

Elaborating on the tough cost cuts it spoke about last year, Lufthansa has now announced that it will spend the next three years saving a total of €1.5 billion from across the group (not only among passenger airline units). This will, it says, bring a visible improvement in results by 2015. The cuts are being introduced in an effort to mitigate the negative effects of high oil prices and a weakening global economy. A full plan will be presented to managers on February 6.
“The time frame for the program runs until the end of 2014 and the benefits will be fully effective in the results for 2015,” a Lufthansa spokesman said, providing a definite timeframe for the first time.
[pictured: Lufthansa A380 cockpit close-up]


Check Also

Laudamotion, Ryanair, buy, M&A, airlines, Austria, aviation, business, option, EU

Laudamotion, Ryanair and Lufthansa in dispute over aircrafts

The Austrian based Laudamotion and 25 percent owned by Ryanair is arguing with German giant Lufthansa over aircrafts not delivered after Air Berlin bankruptcy.

Norwegian, Lufthansa, buy, interest, IAG

Lufthansa reveals interest in Norwegian

Talks have taken place between the two parties, the boss of Lufthansa Group claims.

Turkish Airlines, Skytrax, ratings, rejects, customer reviews, Lufthansa, 5 stars, 4 stars, metrics, promotion, corruption, airlines

Turkish Airlines pulls out of Skytrax audit

The airline “will only take evaluations based on direct passenger experience into consideration.”

Lufthansa, Swiss, Austrian, Brussels Airways, flights, fare, basic, economy, Light, transatlantic, USA, Canada, Scandinavia, cabin bag only, food

Nordic trial allows Lufthansa to go Light

Airlines in the Lufthansa Group are the latest to offer a new low fare to fight LCCs on North American routes.

Brussels airlines, strike, union, pilots, Eurowings, flights, cancel, May 2018

Strikes hit Brussels Airlines this week

The Lufthansa subsidiary admits that the strikes will cause “massive disruptions” for passengers.

Brussels Airlines, Lufthansa, Eurowings, merge, strike, pilots, low-cost, airlines, Europe, union

Reasons behind strike at Brussels Airlines

Pilots at the Lufthansa subsidiary are worried about their future as the group pushes Eurowings.