Lufthansa (LH, Frankfurt International) is implementing internal cost-cutting measures amid high costs and declining revenues, the German business daily Handelsblatt reported having seen an internal letter to staff from the airline’s chief executive, Jens Ritter.

Ritter reportedly revealed that measures announced in April to secure earnings for this year were insufficient.

“We are therefore continuing to reduce material, personnel, and project costs in the short term,” he said in the letter published on the airline’s…

Source: ch aviation
Read more: Lufthansa tightens belt amid high costs, declining revenues