Faced with declining profit margins, Lufthansa Group is making cuts to fleet investments, and accelerating aircraft retirements and cost reduction measures. The company is also reducing capacity at some of its affiliate airlines. Lufthansa Group reported a net profit of €1.04 billion ($1.15 billion) for the nine-month period of January-September, down 43% from €1.8 billion for the year-ago timeframe. Third quarter net profit was €1.15 billion, up 4% from €1.1 billion in ...

Subscribe to Access this Entire Article

"Lufthansa makes fleet, cost-cutting plans on declining profit margins" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.