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Found 2 results

  1. May 8, 2020 Lufthansa Group held its first ever virtual annual general meeting on 05-May-2020, with around 10,000 shareholders dialling-in. Chairman and CEO Carsten Spohr had the unenviable task of ‘e-informing’ shareholders of the board’s vision to getting the company through coronavirus and what the future will look like when the virus recedes. The meeting’s introduction was a poignant reminder of what was, and what the company is fighting for in the coming months. Mr Spohr admitted it is a “bitter” feeling that 65 years of work building up Lufthansa’s traffic volume and global networ
  2. Austrian Airlines to cut costs in order to compete against budget airlines Austrian Airlines has announced a new austerity plan in the wake of losses due to stiff low-cost competition: Threat of losses in 2019 and 2020: Airline counteracts developments with a package of measures EUR 90 million should be saved annually, 700-800 budgeted positions in the company are affected Management Board: “We will fight relentlessly and vigorously against the price and wage dumping practiced by low-cost airlines” Austrian Airlines is repositioning itself in response to the glut of lo
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