Lufthansa CEO Says Steady Capacity Is No Goal, Boersen Reports

Deutsche Lufthansa AG (LHA) Chief Executive Officer Christoph Franz said holding passenger capacity at a steady level cannot be a long-term goal for the airline after it scrapped plans to grow capacity by 12 percent this year, Boersen-Zeitung reported, citing an interview with Franz.

Industry consolidation will continue and the world’s large airlines, including Lufthansa, will get bigger, Franz said, according to a preview of a story that will run tomorrow.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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