Lufthansa's CEO Reports Advancements in Turnaround Strategy

Lufthansa's Turnaround Plan: Lufthansa is undergoing a transformation to improve performance and manage costs, with 2025 and 2026 identified as transitional years. CEO Carsten Spohr noted that while the airline has faced challenges, including profit warnings and labor disruptions, flight operations have stabilized and customer satisfaction has increased.

Strategic Integration and Growth: The airline plans to integrate more closely with its subsidiaries and expand its fleet, including new aircraft deliveries, to enhance growth. Spohr highlighted the need to reduce costs in its core operations and mentioned that over 50% of the fleet will be based outside Germany to better balance expenses.