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Lufthansa expects faster growth in US and Asia than Europe

20-Jan-2010 11:36 AM

Lufthansa CEO, Wolfgang Mayrhuber, stated he expects faster growth in the US and Asia than in Europe in coming years (Bloomberg, 19-Jan-2010). Load factors on the carrier’s European services fell 0.8 ppts year-on-year, to 67.9% in 2009, compared to no change on North and South American services (84.5% load factor) and a 0.5 ppt decline on Asian services (82.1%). Mr Mayrhuber added operating in the US is cheaper and more efficient, despite older air traffic technology, and urged the EU to merge its control networks to a single sky programme.

Lufthansa: “We only have to look at Europe to see that growth is elsewhere, with the weighting shifting. We’re flying through heavy weather, forcing Lufthansa to make one change or another [in strategy],” Wolfgang Mayrhuber, CEO. Source: Bloomberg, 19-Jan-2010.