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00:02Lufthansa Group plans to cut 4,000 jobs by 2030 through artificial intelligence,
00:07digitalization, and consolidating functions across its member airlines
00:10while projecting higher profits in the years ahead.
00:13Germany-based airlines said most job cuts in Germany will target administrative roles
00:17as digitalization, AI streetline operations, and reduced duplication, and according to the AP.
00:22Groups said strong travel demand and limited flight capacity are driving revenue,
00:25supporting what it expects will be significantly increased profitability by decade's end.
00:30Lufthansa also announced its largest sleep modernization,
00:33adding more than 230 aircraft, committing 100 long-haul planes by 2030.
00:37For all things money, visit Benzinga.com.
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