Spohr sees turnaround at Germany’s Lufthansa Airlines ‘on track’ despite Q2 loss

Lufthansa Airlines reported an adjusted EBIT loss of €37 million for the second quarter, primarily due to strike action and elevated fuel costs. Chief executive Carsten Spohr remains confident that further strikes within the German unit will be avoided. The company is currently engaged in “constructive talks” with both cockpit and cabin unions regarding ongoing concerns. These discussions represent a key element in Lufthansa's strategy for achieving a sustained operational improvement. Despite this recent financial setback, Spohr believes the airline’s turnaround plan is progressing as anticipated.