Overview

• Two people familiar with the matter told AFP the airline intends to eliminate up to one fifth of its administrative workforce.
• Lufthansa declined to comment on the reports and plans to brief investors on strategy and outlook on Monday.
• The stock gained more than 3% in Frankfurt trading after the prospect of cost reductions surfaced.
• The Verdi union said it will not accept “drastic cuts” and will pursue its position in the next round of collective bargaining.
• Handelsblatt estimates about 15,000 office roles within a global workforce of roughly 103,000, as 2024 profits fell nearly a fifth due to walkouts and aircraft delivery delays.