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Lufthansa must also thin out its offering in 2024

Lufthansa must also thin out its offering in 2024

Lufthansa must also thin out its offering in 2024
Lufthansa must also thin out its offering in 2024

Lufthansa's 2024 Flight Plan Gets a Makeover

Lufthansa Group, the German airline giant, is faced with a challenging 2024 as they're forced to tweak their initial flight schedule. Lufthansa's CEO, Carsten Spohr, shared in an interview with the "Süddeutsche Zeitung" that personnel and aircraft bottlenecks are the main culprits behind this adjustment. The issues extend beyond Lufthansa's team, with Airbus A320 engine overhauls and Airbus A320 delivery delays from aircraft manufacturers further complicating matters.

After announcing its plan to fly 95% of pre-pandemic 2019 levels in 2024, Spohr now acknowledges that this goal is no longer achievable. Lufthansa will instead fine-tune its schedule for 2024, scaling back the growth originally planned. According to Spohr, the priority will remain quality and sustainability, even in the face of significant global demand.

Lufthansa's 2022 and 2023 plans also required revisions due to coronavirus-related challenges. Lufthansa and its service providers struggled to meet requirements, resulting in the cancellation of numerous flights. As a result, air traffic in Germany did not expand as quickly as in other European countries. Furthermore, punctuality at Frankfurt and, more recently, Munich hubs has deteriorated. Munich's labor shortage is particularly noteworthy, according to Spohr.

Insights

Lufthansa's 2024 flight plan adjustment is influenced by various factors, including:

  1. Delays in Boeing 787 Dreamliner deliveries due to FAA certifications
  2. Fleet bottlenecks and the need to optimize capacity with existing aircraft
  3. Challenges in the Asian business environment
  4. Persistently weak business travel bookings
  5. Lufthansa's efficiency program, "Turnaround," centering on limiting growth and prioritizing profitability and stability

Despite the setbacks, Lufthansa remains focused on maintaining operational efficiency, planning cautiously, and ensuring quality in its services.

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