What a great airline moves to cut costs – The reasons

The German company focuses on the brand of low-cost …
Eurowings, while at the same time reduces intensively the costs.
Changes are coming to one of the largest airlines in an effort to “cover” needs that have arisen.
The reason for the Lufthansa, which continues efforts to reduce costs, in order to meet the difficulties which have caused in the airline industry “unprecedented” changes in the demand due to the terrorist attacks in some of the most popular destinations of Europe.
“The volatility in the market has become huge in the midst of economic uncertainty, particularly due to the Brexit and the terrorist attacks, said the ceo Carsten Spohr late Thursday, speaking to reporters. “I’ve never seen anything like this in my career,” he added.
The German carrier is transformed with the “utmost speed” in order to maintain the profitability of the stressed strain.
Bloomberg notes that the Lufthansa focuses on the consolidation of Eurowings, the brand’s low-cost, as well as develop competing companies in the industry. The Spohr argued that the network of the German company will display this year’s slower growth, compared with 5% of the industry.
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