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4h ago

Lufthansa Weighs 20% Reduction in Administrative Roles, Reports Say

Investor optimism grew ahead of a capital markets day following a year of profit pressure.

A Lufthansa plane moves on the tarmac at Leonardo da Vinci International Airport in Fiumicino, near Rome, Italy, September 23, 2024. REUTERS/Remo Casilli/File Photo
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Lufthansa has lost ground to key European rivals IAG and Air France-KLM, which have outperformed the German group in terms of profitability

Overview

  • Reports cite plans to trim up to 20% of administrative posts across Lufthansa Group, a cohort of about 15,000 roles per Handelsblatt.
  • Lufthansa has not announced the cuts and declined to comment.
  • Operational staff — including mechanics, cabin crew and ground workers — would be spared, according to a person familiar with the plan.
  • The stock gained about 3–3.4% in Frankfurt after the reports, with a capital markets day set for Monday in Munich.
  • Unions pushed back, with Verdi vowing to fight "drastic cuts" as the carrier contends with weaker 2024 profits, strikes, delivery delays and a pilots’ strike ballot.