Lufthansa (LH, Frankfurt International) has paused all new projects and is reassessing its administrative staffing needs to cut operating costs and stem heavy losses sustained in the first quarter of 2024, mainly attributed to strikes and wage disputes with employee groups within Lufthansa Group and employees at system partners.

The parent reported an adjusted EBIT (operating) loss of EUR849 million euros (USD909 million) for the quarter, more than triple the EUR273 million (USD292 million) loss in the same period in 2023….

Source: ch aviation
Read more: Lufthansa shelves new projects over strike losses in 1Q24