Lufthansa Plans to Cut 4,000 Administrative Jobs by 2030

Core Viewpoint - Lufthansa plans to cut 4,000 administrative jobs by 2030 as part of a strategy to streamline operations and reduce complexity within the company [1][2][3] Group 1: Job Cuts and Operational Efficiency - The job cuts will occur over several years, with the aim of addressing the company's bloated structure and improving efficiency through automation and process enhancements [2][3] - The company has struggled to meet its cost targets, and these cuts are expected to help achieve new financial goals [3] Group 2: Financial Targets and Dividend Policy - Lufthansa aims to maintain its dividend policy while setting a more optimistic adjusted operating margin target of 8 to 10% for 2023 [5] - The company has a cash goal and plans to renew its fleet, which has been hindered by certification issues with new aircraft, particularly the Boeing 787 Dreamliner [5][6] Group 3: Impact of AI and Industry Trends - Increased use of AI is seen as a potential avenue for greater efficiency, with airlines exploring how to better understand passenger needs and improve operational processes [7][8] - The airline industry is generally looking at AI to reduce labor intensity in various operations, although significant workforce reductions through AI may take time to materialize [9]