Lufthansa CEO Christoph Franz: the SCORE so far, as the carrier refocuses strategy and operations

Lufthansa Group CEO Christoph Franz gave what resembled a mid-term "state of the union" address to analysts and investors in Frankfurt and London on 7 and 8-Jun-2013. The presentations in Europe's two main financial centres were billed as an update on the group's SCORE programme, which aims to deliver EUR1.5 billion of profit improvement between 2011 and 2015.

Such an update was indeed provided, but Dr Franz also took the opportunity to recall the tumultuous environment in which he took the job in 2011, to review the strategic developments over which he has presided since then, and to give his vision of the Lufthansa of the future.

In part one of our Lufthansa report, we look at the Franz view of the world and the overall progress of SCORE. In part two, we will look at some of SCORE's major projects in more detail and assess its strategic importance to Europe's leading airline group.