Lufthansa airline group to shed 4,000 jobs by 2030 with help of AI, sees stronger profits ahead [Yahoo! Finance Canada]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
NASDAQ:AMEX Investor Relations:
investor-relations.lufthansagroup.com/en.html
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Source: Yahoo! Finance Canada
Most of the lost jobs would be in Germany, and the focus would be on administrative rather than operational roles, the company said. Lufthansa said it was moving to deepen the integration among member airlines Lufthansa, SWISS, Austrian Airlines, Brussels Airlines and ITA Airways, and is “reviewing which activities will be no longer necessary in the future, for instance due to duplication of work.” It said in a statement that “profound changes brought about by digitalization and artificial intelligence” would increase efficiency across business areas and activities. The airline group laid out its strategic plans at a presentation for investors and analysts in Munich, saying it was seeing strong demand for air travel amid limits on offerings of flights due to stretched supply chains for planes and engines. That means a tight market that is keeping planes full and boosting revenue. Lufthansa Group said it expected “significantly increased profitability” by the end of the decade
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