19-Dec-2011 2:23 PM

Lufthansa to launch new cost-reduction plan in early 2012

Lufthansa CEO Christoph Franz, in the carrier's staff newsletter "Lufthanseat", stated the carrier will launch a new cost-reduction plan in early 2012. As reported by dpa-AFX, Mr Franz noted that "in the new and constantly changing environment in which we operate, it takes an enormous effort simply to aim to grow with the market". He added: "We will have a positive operating result this year, but one that is by far not big enough to safeguard our company and our jobs in the future. That is why we need a significantly higher operating margin in the medium term." Details of the plan will be made public in 1Q2012.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More