Lufthansa to keep on with Score restructuring after 2015: CEO

Germany's Lufthansa will continue with measures to cut costs and drive revenue even after its current restructuring programme.

Lufthansa to keep on with Score restructuring after 2015: CEO
FRANKFURT: Germany's Lufthansa will continue with measures to cut costs and drive revenue even after its current restructuring programme, dubbed Score and due to run only until 2015, has ended, its outgoing chief executive said.

"We are looking at what will be done after 2015," Christoph Franz told journalists, just a couple of weeks before he hands over the reins of Germany's largest airline to Carsten Spohr. "Do we have enough plans?"

Lufthansa has identified 4,000 different projects under the current Score programme, which aims to increase operating profit by 1.5 billion euros in 2015 when compared with 2011.

Measures range from big structural changes such as expanding its German wings low cost carrier to smaller measures suggested by employees, such as allowing customers to bid for business seats on unit Austrian Airlines in an auction process.

"I don't believe we've squeezed all the juice out of the fruit yet," Franz said.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Business › Lufthansa to keep on with Score restructuring after 2015: CEO
Text Size:AAA
Success
This article has been saved

*

+