3-May-2016 5:04 PM
Deutsche Lufthansa AG: We are seeing significant pricing pressure at our passenger airlines
Deutsche Lufthansa AG CFO Simone Menne stated (03-May-2016) while it has "seen a solid start into the new business year", the carrier is also "seeing significant pricing pressure at our passenger airlines, and even more at Lufthansa Cargo." She continued: "But the substantial unit cost reduction at our passenger airlines has more than made up for the pricing declines. And we are not just benefiting from further fuel cost reductions and non-recurring effects. We have also improved our operating cost structure". Mr Menne said this marks an "important change in trend in our unit cost development". [more - original PR]