Lufthansa Unveils 2030 Plan: Job Cuts, Digital Push, Fleet Modernization
Lufthansa Group has unveiled a strategic plan to modernize its operations and boost profitability by 2030. The plan includes significant job cuts, digitalization, and a major fleet upgrade.
The airline aims to cut around 4,000 jobs by the end of the decade due to digital processes and ai replacing certain positions. However, it also plans to create new jobs in digital and technology roles.
Lufthansa Group is investing heavily in ai and automation to improve efficiency. It has deployed an ai-supported camera system called 'seer' with Fraport to monitor real-time airport turnaround activities. Lufthansa Cargo has also implemented ai and robotic process automation to streamline booking processes. Additionally, Lufthansa Technik uses ai in predictive maintenance with the Aviatar digital platform, partnering with Microsoft for over 50 ai use cases.
The group is consolidating its digital efforts. It will combine its 'Digital Hangar' and 'Innovation & Tech Factory' into a central digital role. Lufthansa Group will also restructure its it functions and consolidate them under one Executive Board department.
Lufthansa Group is also planning a significant fleet modernization. It aims to acquire more than 230 new aircraft by 2030, including 100 long-haul jets, as part of the largest fleet modernization in its history.
By 2030, Lufthansa Group aims to achieve an adjusted ebita margin of 8-10%, an adjusted return on capital employed of 15-20%, and annual adjusted free cash flow exceeding €2.5 billion. These targets reflect the group's commitment to digitalization and modernization, which it believes will secure its competitiveness in the long term.
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