Lufthansa seeks EUR 1.5bn profit boost

07 February 2012, 16:03 CET

— filed under: company, Lufthansa, Germany, airline, structure

(FRANKFURT) - German airline Lufthansa said Tuesday it planned to boost earnings sustainably by at least 1.5 billion euros ($1.8 billion) by 2014.

A Lufthansa spokeswoman said chief executive Christoph Franz had announced the figure at a meeting with around 1,000 management-level staff on Monday.

"The aim is a sustainable increase in earnings of at least 1.5 billion euros by 2014," the spokeswoman said.

The target would be achieved via synergy effects, cost-cutting, structural changes and increased revenues.

"We need a sharp improvement in profits to finance investment in aircraft," Franz explained.

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