Press: Lufthansa to cut 200 mn euros in costs

8th Jun 2006

Deutsche Lufthansa AG plans to introduce a new cost-cutting programme in the second half of this year that could allow the company to save up to 200 mn eur, industry sources told Handelsblatt.
A company spokesman declined to comment on the matter, but said that after the current 1.2 bln eur cost-cutting programme ends, another will be implemented.

The current programme runs through the end of this year.

‘After that there will be a new programme,’ the spokesman told the newspaper and reported on AFX news wire.

Separately, Handelsblatt wrote that former chief financial officer Karl-Ludwig Kley told the company’s Lufthanseat newsletter that the arrival of a new cost-cutting programme was as certain as, ‘people saying ‘Amen!’ in church.’


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