Layoff news: Aviation giant Lufthansa Group on September 29 said that it plans to cut around 4,000 administrative jobs in Germany by 2030, according to an AP report.
This comes amid increased use of artificial intelligence (AI), digitalisation and consolidation of work among member airlines, the company said. It added that demand and profit outlook is expected to be strong in years ahead.
Lufthansa presents strategic plans to investors
The report added that Lufthansa Group also presented its strategic plans to investors and analysts in Munich. According to the presentation, it expects strong demand for air travel amid limits on offerings of flights due to stretched supply chains for planes and engines.
That means a tight market that is keeping planes full and boosting revenue, as per the report.
The Group said it expected “significantly increased profitability” by the end of the decade, and is prepared to take on the company’s “largest fleet modernisation in history”, it claimed. This undertaking would include addition of over 230 new aircraft by 2030, including 100 long-haul aircraft.
The Lufthansa Group is a globally operating aviation group that includes network airlines, point-to-point airline Eurowings and service companies. It had 101,709 employees in 2024 and generated revenue of 37.6 billion euros ($44 billion).
Source link
