Aviation

Lufthansa to slash costs in bid to bump earnings as carrier grapples with strike fallout

The German airline reported an operating loss of €273 million in the opening three months of the year

The German airline reported an operating loss of €273 million in the opening three months of the year. Picture: Daniel Roland/AFP via Getty Images

German carrier Lufthansa plans to cut costs across the business and review hiring in some areas after it reduced its earnings outlook for the year due to ongoing strike action in its home market.

The airline group said it would also have to freeze certain projects as it seeks to strengthen its earnings in the short term following a €640 million loss at the main Lufthansa brand in the first quarter, the airline group said ...