Lufthansa Cuts 4,000 Jobs While Targeting €2.5 Billion Annual Cash Flow by 2030
Summary
Lufthansa announces massive restructuring plan cutting 4,000 administrative jobs by 2030 while investing in 230 new aircraft as part of ambitious strategy to achieve €2.5 billion annual cash flow and 8-10% profit margins through digitalization and fleet modernization.
Key Points
- Lufthansa Group sets new medium-term financial targets for 2028-2030 including 8-10% adjusted EBIT margin and over 2.5 billion euros in adjusted free cash flow per year
- The airline plans to add more than 230 new aircraft by 2030 including 100 long-haul aircraft as part of its largest fleet modernization in company history
- Lufthansa announces reduction of 4,000 administrative jobs by 2030 through digitalization, automation, and process consolidation to increase efficiency