Lufthansa Plans 4,000 Job Cuts By 2030 As AI, Digitalization And Consolidation Streamline Operations Across Group Airlines

Benzinga

Lufthansa will cut 4,000 jobs by 2030 as AI and digitalization streamline operations, mainly in Germany. Strong demand and new aircraft orders are expected to drive higher profits and modernize its fleet.

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00:00It's Benzinga, bringing Wall Street to Main Street.

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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