lufthansa making more cuts - TravelMole


lufthansa making more cuts

Tuesday, 20 Feb, 2003 0

Lufthansa has announced a recruitment freeze, and further capacity cuts as it stuggles to reach economic targets.

The carrier blames a decline in business travel, falling revenues, and the high price of oil, for its current economic state.

Lufthansa chairman and chief executive, Jürgen Weber also warned that the threat of war would further cripple the industry. He said: “A war in Iraq would cause our passenger volume – and thus also our revenues – to shrink even further. That will make tough measures, which can be rapidly implemented, necessary.”

In a statement Lufthansa said: “Despite slightly higher numbers of passengers, revenues in January 2003 were below those of the same month last year.”

The carrier is taking another ten aircraft out of service, resulting in a total of 31 aircraft of Lufthansa AG and 15 others operated by Lufthansa CityLine and the regional partners, being taken out of service in the next few weeks.

Read our previous stories:
07-Oct-2002 Lufthansa cuts commissions for UK, but not Germany
25-Jul-2002 Lufthansa cuts UK-Germany fares by up to 30 per cent
16-May-2002 Lufthansa optimistic despite Q1 losses almost doubling



Related News Stories:  



 



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari