Tickets for 9.99 euros are economically irresponsible says Lufthansa CEO. Ultra low-cost tickets priced at less than 10 euros ($11.25) each are harming the aviation industry’s reputation. Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said in an interview with Swiss daily Neue Zuercher Zeitung.
“Tickets for 9.99 euros are ecologically and economically irresponsible,” Spohr, 53, quoted.
He also said Europe’s largest airline will seek financing on capital markets to repay the government loans it received to make it through the coronavirus pandemic by 2023.
“Lufthansa won’t be debt-free but we want to get market loans to repay taxpayers’ money in Switzerland, in Germany and Austria,” Spohr said. “We would rather be indebted to the capital market than to the taxpayer.”
Lufthansa avoided insolvency proceedings after shareholders approved a 9 billion-euro bailout from the German government.
https://twitter.com/lufthansa/status/1276207276966195201
