Lufthansa plans to launch another cost-savings program next year, CEO Christoph Franz says in the airline’s staff newspaper, Lufthanseat. “While we will manage to close the year with a positive operating result, it will be well below the figure we require in order to secure our company and our jobs in the future,” Franz said. The airline achieved €1 billion ($1.3 billion) in annual savings in its “Climb 2011” cost-savings program that ends this year. Details of the follow-up initiative ...
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