Lufthansa has paused new projects and is reassessing staffing needs to cut costs after sustaining heavy losses in the first quarter of 2024 due to strikes and wage disputes with employee groups.
The parent company reported an operating loss of EUR849m, over triple the loss from the same period in 2023, with EUR350m directly attributed to the impact of strikes on operations.
Despite an increase in revenue and passenger numbers, unit costs rose and yields fell due to strike-related uncertainty among customers.
The company’s outlook is optimistic following the conclusion of long-term wage agreements with most employees, with plans to focus on expanding premium customer offers and improving flight operations.
