InsideFlyer.com [English] United States InsideFlyer.uk [English] United Kingdom InsideFlyer.de [German] Germany InsideFlyer.no [Norwegian] Norway InsideFlyer.se [Swedish] Sweden InsideFlyer.dk [Danish] Denmark InsideFlyer.nl [Dutch] Benelux
Discussion in 'Miles & More | Lufthansa, SWISS, Austrian/Partners' started by uggboy, Dec 3, 2014.
| Print Topic
Lufthansa announces low-cost, long-haul plans for 2015
Will it be a member of the Star Alliance?
Lufthansa Chief Carsten Spohr Defends Airline’s No-Frills Push
FRANKFURT — Since taking the helm at Lufthansa more than six months ago, Carsten Spohr has had to steer the German airline through more than a bit of rough air.
Faced with high operating costs and intensifying competition at home and abroad, Lufthansa has twice lowered profit forecasts for this year and 2015. No fewer than 10 strikes by pilots — including a three-day walkout last week — have forced the cancellation of more than 6,000 flights in 2014, at a cost of more than 160 million euros, or about $197 million, in lost earnings. On Mr. Spohr’s watch, Lufthansa’s share price has tumbled almost 30 percent.
It is no wonder, then, that he has been scrambling to set Lufthansa on a new and more stable course.
It has been said that this is one of the reasons for the multiple LH strikes......of course the union can't say that is their beef.