Lufthansa Group CEO Sees Healthier Airline Industry Long-Term Written 23 June 2022
Demonstration flight, Paris Airshow | Credit: Associated Press-©
Aviation International News reports that the “post-pandemic demand for air travel demand and a shortage of new aircraft as manufacturers struggle with program delays and supply chains disruptions is creating operational hiccups for Lufthansa in the short-term, but it will lead to a much healthier airline industry in the mid- and longer-term.” CEO Carsten Spohr said, “From a strategic point of view, this industry has had traditionally one major fault: too much supply. During Covid many aircraft were taking out of service and the OEMs are much slower in putting new aircraft out there but demand is coming back to pre-Covid levels much faster than we anticipated. I think we have some good years for the industry ahead when this healthy demand hits on reduced capacity.” To meet with the current demand “the airline plans to reactivate ‘at least five’ more A340-600s from long-term storage for the summer of 2023 to narrow a capacity shortfall.”
Full Story (Aviation International News)