Frankfurt, Germany (AP) — On Monday, Lufthansa Group announced plans to eliminate 4,000 jobs by 2030, primarily due to artificial intelligence, digitalization, and the integration of operations across its member airlines, despite a strong demand for air travel and expectations for increased profits in the coming years.
Most of the job losses are expected to occur In Germany, focusing primarily on management positions rather than operational roles, according to the company.
Lufthansa is actively working on enhancing the integration of its member airlines and is “evaluating which activities may become redundant in the future, particularly those that involve duplicated efforts.”
The Lufthansa Group comprises Germany’s leading airlines, including Lufthansa, Austrian Airlines, Swiss International Air Lines, and Brussels Airlines.
In a statement, the company noted that the “significant changes driven by digitalization and artificial intelligence” will enhance efficiency across various business sectors and functions.
The airline group has crafted a strategic plan for presentation to investors and analysts in Munich, showcasing the robust demand for air travel amid constraints on flight availability due to challenges in the aircraft and engine supply chain. This translates to a competitive market, optimizing aircraft occupancy and enhancing revenues.
Lufthansa Group anticipates that by the end of the decade, it will “considerably boost profitability” and has initiated what is regarded as the largest fleet modernization in its history, planning to introduce over 230 new aircraft by 2030, including 100 additional planes.
The company operates as a global aviation group that encompasses network airlines, the point-to-point carrier Eurowings, and several service companies. As of 2024, it recorded 101,709 employees and generated 37.6 billion euros ($44 billion) in revenue. Its registered headquarters is located in Cologne, Germany, while its executive and management offices are situated in Frankfurt.
Source: apnews.com