Lufthansa Group to cut 4,000 jobs by 2030 with help of AI, sees stronger profits ahead

Core Viewpoint - Lufthansa Group plans to reduce 4,000 jobs by 2030, focusing on administrative roles, while anticipating strong demand for air travel and increased profitability in the coming years [1][4]. Group 1: Job Reductions and Digitalization - The company will utilize artificial intelligence and digitalization to streamline operations and consolidate work among its member airlines [1][2]. - Most job losses will occur in Germany, primarily affecting administrative positions rather than operational roles [1]. Group 2: Integration and Efficiency - Lufthansa is enhancing integration among its member airlines, including Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, and ITA Airways, by reviewing activities to eliminate redundancies [2]. - The company emphasizes that digitalization and artificial intelligence will lead to increased efficiency across various business areas [2]. Group 3: Market Demand and Profitability - The airline group reports strong demand for air travel, driven by limited flight offerings due to supply chain constraints for planes and engines, resulting in a tight market that boosts revenue [3]. - Lufthansa Group expects "significantly increased profitability" by the end of the decade and plans to modernize its fleet with over 230 new aircraft, including 100 long-haul planes, by 2030 [4]. Group 4: Company Overview - Lufthansa Group operates globally and includes network airlines, point-to-point airline Eurowings, and service companies, employing 101,709 people and generating revenue of 37.6 billion euros ($44 billion) in 2024 [4].