The three big European airline groups have been in restructuring mode for years. While International Airlines Group (IAG) has seen some improvement in the turnaround of Iberia, Air France-KLM and Lufthansa are discovering that they need to do more to reach sustainable cost levels. Lufthansa has been working through a list of hundreds of previously identified cost-saving items as part of its Score restructuring program, which is meant to improve operating results by â‚¬1.5 billion ($1.97 ...
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