Lufthansa Group has no plans to buy or invest in additional airlines, Chairman and CEO Christoph Franz told LH's in-house employee magazine Lufthanseat. He said the company will focus on "organic" growth and on bringing subsidiaries Austrian Airlines and British Midland into a stable financial position.
LH will also work on returning its continental Europe passenger business back to profitability, Franz said. "We have to bring our intra-European flights in the right direction to stop losses," he commented. LH has already reduced operating costs on its non-hub point-to-point flights within Europe by 14%, he said, adding that costs on such routes need to be lowered by a total of 28%.
Separately, LH resumed daily flights from Frankfurt and Munich to Tokyo Narita on March 24. The flights will be routed through Seoul Incheon and operated with Airbus A340s.
LH will also work on returning its continental Europe passenger business back to profitability, Franz said. "We have to bring our intra-European flights in the right direction to stop losses," he commented. LH has already reduced operating costs on its non-hub point-to-point flights within Europe by 14%, he said, adding that costs on such routes need to be lowered by a total of 28%.
Separately, LH resumed daily flights from Frankfurt and Munich to Tokyo Narita on March 24. The flights will be routed through Seoul Incheon and operated with Airbus A340s.
