Lufthansa eyes cost cuts to Eurowings

  • News Digest

Jun 26, 2019-

FRANKFURT/BERLIN: Lufthansa’s budget airline Eurowings will aim to cut costs by 15 percent over the next three years and focus on short-haul flights as part of a plan to return to profit by 2021, the German carrier said on Monday. Lufthansa cited falling revenues at Eurowings as a major reason behind a profit warning on June 16. Eurowings’ revenue was forecast to drop sharply in the second quarter. Eurowings expanded last year as it took over large parts of Air Berlin but is making a loss as it faces tough price competition from Ryanair, easyJet and Wizz in Europe. Lufthansa said its Eurowings fleet would consist only of planes from the A320 family in future. (REUTERS)

Published: 26-06-2019 09:41

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