Tuesday January 21, 2020

Lufthansa, SAS hit by tough aviation environment

Aer Lingus may have announced relatively positive numbers this morning but it was a different story for two of Europe’s biggest airlines today.

3rd May, 2012
A Lufthansa Airbus A380 at Frankfurt airport.

Aer Lingus may have announced relatively positive numbers this morning but it was a different story for two of Europe’s biggest airlines today.

Both Germany’s Lufthansa and Scandinavian-based SAS made announcements that illustrated the perilous state of the aviation sector.

Lufthansa said it will cut 3,500 administrative posts as it seeks to improve profitability with a €1.5 billion savings program. The world-wide job cuts will help deliver one-third of the savings...

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