Lufthansa and Air France-KLM, two of Europe's leading airline groups, have announced significant cost-cutting measures in response to deepened first-quarter losses. These losses were exacerbated by labor disputes and high customer payouts due to flight disruptions. Lufthansa plans to freeze projects and review hiring processes, while Air France-KLM has decided to pause the addition of support staff. Additionally, Lufthansa's CEO Carsten Spohr noted ongoing challenges such as delayed aircraft and engines, leading to a revised full-year 2024 capacity forecast down by 2 points to approximately 92% of 2019 levels. Air France-KLM reported a higher than expected first-quarter operating loss of 489 million euros ($524.31 million).
Lufthansa said it will freeze projects and review hiring in some areas at its namesake airline brand, while Air France KLM said it’s putting a hold on adding support staff. https://t.co/b2aT9RUvE7
Lufthansa and Air France-KLM, two of Europe's top airline groups, announced cost cuts in response to first-quarter losses compounded by labor disputes and high customer payouts https://t.co/IL7XWmrbiU https://t.co/gdyjAGXz6c
WATCH: Lufthansa and Air France-KLM, two of Europe's top airline groups, announced cost cuts in response to first-quarter losses compounded by labor disputes and high customer payouts https://t.co/83brOey5vO https://t.co/W5fG6RsP0U
"Delayed aircraft, delayed seats, delayed engines, unplanned engine overhauls," etc., continue to bite at @lufthansa, said Group CEO Carsten Spohr on Tuesday. The group has lowered its full year 2024 capacity forecast by 2 pts to ~92% of 2019 levels. https://t.co/Mo42TiOVOq
Two of Europe's top airline groups, Lufthansa and Air France-KLM announced cost cuts after labor disputes and high customer payouts linked to flight disruptions deepened first-quarter losses https://t.co/IL7XWmrbiU https://t.co/NtLegBunlZ
WATCH: Two of Europe's top airline groups, Lufthansa and Air France-KLM announced cost cuts after labor disputes and high customer payouts linked to flight disruptions deepened first-quarter losses https://t.co/83brOeyDlm https://t.co/2mKceUyj2A
📽️ WATCH - LUFTHANSA, AIR FRANCE-KLM TO CUT COSTS AFTER TOUGH FIRST QUARTER Two of Europe's top airline groups, Lufthansa and Air France-KLM, announced cost cuts on Tuesday after labor disputes and high customer payouts linked to flight disruptions deepened first-quarter… https://t.co/v4EtuCRoef
Lufthansa said it will freeze projects and review hiring in some areas at its namesake airline brand, while Air France KLM said it’s putting a hold on adding support staff. https://t.co/F44F6oxyaa
Germany's flagship airline Lufthansa is looking to cut costs, including in management, after repeated strikes weighed heavily on its Q1 figures. https://t.co/RKocxZa2HV
⚠️ AIR FRANCE-KLM REPORTS WORSE THAN EXPECTED Q1 RESULTS AS COSTS SOAR Full Story → https://t.co/JV1XwCBS6l Airline group Air France-KLM on Tuesday reported a higher than expected first quarter operating loss of 489 million euros ($524.31 million) as it faced high customer… https://t.co/FAopaWsBsa
Lufthansa will initiate a cost-cutting drive that includes freezing projects and review hiring in some areas after Europe’s largest carrier was forced to pare back its earnings outlook because of persistent strikes https://t.co/nDOUIr5VV7
⚠️ LUFTHANSA FORECASTS RETURN TO PROFIT IN H1 AFTER STRIKE WAVE Full Story → https://t.co/KnzXyGr7Uf Lufthansa hopes to claw back its strike-related losses in the second half of the year, the German flag carrier said on Tuesday, pointing to a strong summer season with… https://t.co/iiQlSHA3yo