Lufthansa enforces measures to secure operating profit
In light of persistently weak demand development in passenger and freight business, structural changes in passengers' travel behaviour and rising fuel prices, Lufthansa enforces its measures to safeguard earnings. A positive operating result requires additional cost savings.
Falling revenue due to lower volumes and prices continued across the sector in the second quarter of this year. At the same time, the fuel price has gone up again by some 50 per cent since the end of the first quarter, without being based on any improvement in demand from the real economy. From a current perspective, a continuation of these developments would jeopardise the targeted operating profit.
In addition to the steps already being undertaken throughout the Group to cut costs and capacity all business segments will take further actions to safeguard earnings. The goal is to avert an operating loss in the current financial year and to sustainably increase the earnings power in the following years.