INSUBCONTINENT EXCLUSIVE:
Lufthansa is still waiting for 41 new Boeing planes to arrive, with the 777x jets on order already facing years-long delays.(Photo:
Unsplash)3 min read Last Updated : Oct 01 2024 | 2:17 PM IST
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
group's third-quarter results due on Oct
carriers, has already issued two profit warnings this year, as spiralling wage costs, a squeeze on ticket prices and a tough aviation market
said, including its stake in Italian carrier ITA Airways.
Lufthansa has struggled with competition on its transatlantic and Asian routes,
market share on international routes as foreign airlines are deterred by weak Chinese travel demand, rising costs and extended flight times
America and Africa, where it might have more of an advantage
New hubs with lower cost bases, such as in Italy, are also appealing ways to strengthen revenue and boost margins.(Only the headline and
picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated
feed.)First Published: Oct 01 2024 | 2:17 PMIST
