
Lufthansa CEO Spohr defends austerity measures at the Annual General Meeting against union criticism
At the annual general meeting of the MDax-listed Lufthansa Group in Frankfurt, CEO Carsten Spohr vehemently defended his company's austerity measures against criticism from unions. Spohr described the establishment of new airlines outside the core Lufthansa brand as a "strategic necessity" in order to be able to serve additional destinations with a more favorable cost structure. Spohr explained,