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Lufthansa Group to cut 4,000 jobs by 2030 with help of AI, sees stronger profits ahead

Lufthansa aircrafts are parked at the airport in Frankfurt, Germany, Thursday, March 7, 2024. (AP Photo/Michael Probst, File)

Key Points

  • Lufthansa Group plans to cut 4,000 jobs by 2030, primarily in Germany, utilizing artificial intelligence and digitalization to consolidate administrative roles.
  • The airline expects significantly increased profitability by the end of the decade, driven by strong demand for air travel and limited flight offerings.
  • Lufthansa is preparing for the largest fleet modernization in its history, adding over 230 new aircraft, including 100 long-haul planes, by 2030.
  • The group reported 37.6 billion euros ($44 billion) in revenue, highlighting robust market conditions that are keeping planes full and boosting earnings.
  • MarketBeat previews the top five stocks to own by November 1st.

FRANKFURT, Germany (AP) — Lufthansa Group said Monday that it would shed 4,000 jobs by 2030 with the help of artificial intelligence, digitalization and consolidating work among member airlines — even as the company reported strong demand for air travel and predicted stronger profits in years ahead.

Most of the lost jobs would be in Germany, and the focus would be on administrative rather than operational roles, the company said.

Lufthansa said it was moving to deepen the integration among member airlines and is “reviewing which activities will be no longer necessary in the future, for instance due to duplication of work.”

Lufthansa Group includes Germany’s biggest airline, Lufthansa, as well as Austrian Airlines, Swiss, Brussels Airlines and ITA Airways, the successor to Alitalia.

It said in a statement that “profound changes brought about by digitalization and artificial intelligence” would increase efficiency across business areas and activities.

The airline group laid out its strategic plans at a presentation for investors and analysts in Munich, saying it was seeing strong demand for air travel amid limits on offerings of flights due to stretched supply chains for planes and engines. That means a tight market that is keeping planes full and boosting revenue.

Lufthansa Group said it expected “significantly increased profitability” by the end of the decade and was readying what it called the largest fleet modernization in the company's history that would add more than 230 new aircraft by 2030, including 100 long-haul aircraft.

The company is a globally operating aviation group that includes network airlines, point-to-point airline Eurowings and service companies. It had 101,709 employees in 2024 and generated revenue of 37.6 billion euros ($44 billion). Its registered headquarters is in Cologne, Germany while executives and operational offices are located in Frankfurt.

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