Reuters
Lufthansa CEO aims to revive ‘problem child’ airline by 2026
Lufthansa is aiming to revive its core airline by 2026 as one of Europe’s top carriers struggles more than its regional rivals with higher costs and prolonged delays in Boeing plane deliveries, its chief executive said. Carsten Spohr described the Lufthansa airline as the German group’s “problem child” and said turning it around is a must for the wider company’s success. Lufthansa, which also counts Austrian Airlines, Swiss and Eurowings among its carriers, has already issued two profit warnings this year, as spiralling wage costs, a squeeze on ticket prices and a tough aviation market make for a difficult recovery.