Lufthansa CEO Carsten Spohr is concerned about the number of new aircraft coming into the market in the coming years, mainly based on the production rates envisioned by Airbus.
Austrian Airlines, Swiss International Air Lines (SWISS) and Brussels Airlines have reported their first positive financial signs since the global pandemic took hold.
Lufthansa and easyJet won backing from a European court over deals they undertook to buy Air Berlin assets, after the court dismissed two cases made by Polish airline LOT.
Lufthansa CEO Carsten Spohr tried his best to convince investors of the plan for a €2.1 billion ($2.5 billion) capital increase the airline published Sept. 20.
Munich-Dubai was a regular fixture of Lufthansa’s network from 2003 to 2016, but the Star Alliance member suspended the route shortly after Emirates increased its frequencies to 3X-daily.
The decision to reactivate the four-engine widebodies, that were being phased out from its fleet, follows Lufthansa witnessing growing demand for first-class services.
The timing of the move has drawn criticism from the CEO of Smartwings Group who also bemoaned that Eurowings’ parent Lufthansa had received state aid from Germany while his group had not received any from the Czech government.
“It would be more efficient to have only one type of aircraft,” COO Francesco Sciortino said. “We also need a long-term perspective for a replacement for the Boeing 767.”