Lufthansa CEO Slams ‘Irresponsible’ Sub-$11 Flights
- Fares costing less than 10 euros ‘shouldn’t exist,’ Spohr says
- Airline cut profit forecast in June due to European price war
Aircraft operated by Ryanair Holdings Plc, left, and Deutsche Lufthansa AG.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Deutsche Lufthansa AG’s Chief Executive Officer Carsten Spohr criticized competitors for offering unprofitable ultra-cheap fares as a price war squeezes industry earnings.
Tickets costing less than 10 euros ($11) are “economically, ecologically and politically irresponsible,” he said in an interview with the Swiss newspaper NZZ am Sonntag. “Flights for less than 10 euros shouldn’t exist.”