The Globe and Mail - Report on Business - Feb 23, 2010Deutsche Lufthansa AG (LHA)
-
Per-Ola Hellgren
at
Landesbank Baden-Württemberg"The solution is for companies to be even more efficient and that of necessity means employing fewer staff," said Mr Wheeldon That's what managers at British Airways and
Lufthansa are facing, he said Thousands of
Lufthansa pilots resumed work Tuesday after suspending a strike over concerns that cheaper crews from the German carrier's smaller airlines in other countries could replace them one day Big European carriers have been pummelled in recent years by high jet fuel prices, competition from low cost rivals and falling demand for first and business class tickets where profit margins are higher
"Cost pressure has always governed airlines," said Per Ola Hellgren, an analyst at Germany's Landesbank Baden Wuerttemberg
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"The solution is for companies to be even more efficient and that of necessity means employing fewer staff," said Mr Wheeldon That's what managers at British Airways and <span class="company">Lufthansa</span> are facing, he said Thousands of <span class="company">Lufthansa</span> pilots resumed work Tuesday after suspending a strike over concerns that cheaper crews from the German carrier's smaller airlines in other countries could replace them one day Big European carriers have been pummelled in recent years by high jet fuel prices, competition from low cost rivals and falling demand for first and business class tickets where profit margins are higher<span class="sent"> "Cost pressure has always governed airlines," said <span class="analyst">Per Ola Hellgren</span>, an analyst at Germany's Landesbank Baden Wuerttemberg</span>
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