Lufthansa yesterday as expected launched a wide-ranging cost-savings program that is aimed at improving profitability by â‚¬1.5 billion ($1.9 billion). Some key points have been presented to senior management of the groupâ€™s various divisions, although details have not yet been defined. The savings target is expected to be reached within three years and produce full results for the first time in the 2015 financial year. The group named Josef Bogdanski and Joerg Beissel as the heads of the ...
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