Lufthansa Announces Plans to Slash 4,000 Administrative Positions
The German airline group revealed that most of the job cuts will take place within the country.
In a statement, Lufthansa Group emphasized its plans to make "significant investments" and undertake sweeping changes over the next few years, with a focus on fleet modernization and future initiatives.
As part of its long-term strategy, the airline will acquire 230 new aircraft by 2025, including 100 long-haul planes.
The company also set a target of generating over €2.5 billion ($2.9 billion) in adjusted free cash flow annually between 2028 and 2030.
"Financial strength will continue to be the basis for achieving the financial targets," the statement concluded.
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