Lufthansa CEO says will be part of any consolidation in Europe
[BERLIN] Lufthansa expects consolidation to occur among European airlines and is ready to be part of it, the carrier's chief executive said on Thursday.
"If it comes about, Lufthansa needs to be part of that and Eurowings is our tool for this," Carsten Spohr told analysts, referring to the group's new budget unit.
Many industry experts say European airlines need to consolidate to try and improve their profitability.
Mr Spohr also added he welcomed a white paper from US carriers accusing Gulf airlines of receiving subsidies.
"The white paper is very much in line with what we and Air France have said over the last years. Unfortunately we don't have the same intelligence services," he said, referring to the detailed accusations in the paper.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US