Deutsche Lufthansa AG (DLAKY), Friday announced that it is getting ready for thousands of layoffs at its Capital Markets Day in Munich, according to several media reports.oFollowing two profit warnings in 2024 and criticism for its delayed profitability targets, the move is intended to reassure investors of its commitment to cost-cutting. After the planned cuts were announced, shares increased 3.4 percent.
Although the precise number of layoffs has not been determined, the airline plans to cut administrative staff by approximately twenty percent.
It is anticipated that cuts will impact not only the core airline but the entire group. Pension disputes and the possibility of pilot strikes are contributing factors to the ongoing labor tensions.
DLAKY is currently trading at $9.03, up $0.16 or 1.80 percent on the OTC Markets.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.