Lufthansa announces 4,000 job cuts and higher profitability targets

[BERLIN] Lufthansa will cut 4,000 administrative jobs by 2030 and set higher profitability targets, the German airline group said on Monday (Sep 29), as it seeks to boost efficiency through digitalisation and automation.

The company now expects its adjusted EBIT margin to reach 8-10 per cent from 2028, up from a previous goal of 8 per cent, and aims for adjusted free cash flow of more than US$2.9 billion a year, Lufthansa said at its first company-wide capital markets day in six years.

Reuters reported last week that Lufthansa planned to cut about 20 per cent of its non-operational staff.

The reductions will be made mainly in Germany and in consultation with social partners, the company said.

The group also plans to add more than 230 new aircraft by 2030 and deepen cooperation among its airlines to improve returns. REUTERS