Lufthansa Revamps to Fend Off Gulf, Low-Cost Airlines

Updated on
  • Carrier to cut 150 management positions below executive board
  • Revamp to contribute $564 million to earnings annually

Deutsche Lufthansa AG said it will organize its airlines into two units, one focused on premium services and the other on no-frills flights, to tackle the double threat from low-cost carriers offering cheaper tickets in Europe and competitors from the Persian Gulf outclassing it on services to Asia.

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