Special celebratory images of Lufthansa´s centenary

Global crises, kerosene shortages, and strikes – it’s all coming crashing down on Lufthansa on its 100th anniversary. CEO Carsten Spohr considers dealing with the UFO and VC unions vital for the company’s survival. /Photo: Lufthansa

A five-day strike is a major blow in Lufthansa’s recent history. But that’s not all: The company is also facing its most difficult economic situation since the coronavirus pandemic. Now, the consequences of the Iran-Iraq War are also taking effect: Kerosene is becoming scarce, and there are fierce disputes with the workforce. External and internal turmoil – things couldn’t be worse for Lufthansa.

“Perhaps six weeks or so” is all the aviation fuel in Europe will last, Continue reading “Special celebratory images of Lufthansa´s centenary”

Lufthansa share price slips – risk of strike and Executive Board restructuring

A CEO with a frown – Carsten Spohr/Photo: Lufhansa

Four out of six members of the Executive Board are leaving the Group almost simultaneously, and the Supervisory Board is also eliminating one Executive Board position entirely. Only the CEO Carsten Spohr and the former Chief Human Resources Officer Michael Niggemann will remain.

Lufthansa announced this Group Executive Board mega-restructuring on February 22 in the evening. From July 1, Continue reading “Lufthansa share price slips – risk of strike and Executive Board restructuring”