Lufthansa seeks EUR 1.5bn profit boost
(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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