Lufthansa Wants to Increase Profits and Buy 230 New Aircraft. Therefore, The German Airline is Shrinking and Four Thousand Administrative Positions Will Disappear in the Period Up to 2030. It is the Largest Wave of Layoffs at Lufthansa Since the Corona Crisis.
Europe’s Largest Airline Group Announced the News On Monday, at the Start of An Investor Day in Munich. Most of the Layoffs Will Occur in Germany. Lufthansa Will Replace People By Further Digitizing and Automating Administrative Work. That should also generate more profit.
Lufthansa is Raising its expected profit Margin Due to the Reorganization Plans. It was initially 8 percent of turnover, but is now expected to be around 10 percent.
The German Company also Wants to Significant Renew Its Fleet by 2030. 230 New Aircraft Must Be Added. These aircraft will partly go to the budget subsidiary eurowings, which will receive forty boeing 737-8 max aircraft.
Last year, Lufthansa had to adjust its profit and turnover expectations twice to strikes and delayed aircraft delivery, Among Other Things. More than 100,000 people work at the airline, including 15,000 administrative employees.