Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Lufthansa is embarking on a major restructuring plan aimed at boosting efficiency and long-term profitability. The German airline group announced it will cut around 4,000 administrative jobs by 2030, mainly in Germany, as part of a broader digitalisation and automation strategy. Executives emphasized that the reductions will be carried out in consultation with social partners to ease the transition.
The airline has faced challenges in recent years, including rising costs and labor disputes, which have hindered its ability to meet growth and profitability targets. In 2024, Lufthansa issued two profit warnings and dropped its earlier goal of achieving an 8% operating margin by 2025. However, the company reaffirmed its commitment to that benchmark, pushing it back to later in the decade.
At its first capital markets day in six years, Lufthansa unveiled new mid-term financial targets. By 2028, the group aims to reach an adjusted EBIT margin of 8–10%, surpassing its previous goal of 8%. It also projects adjusted free cash flow exceeding €2.5 billion ($2.9 billion) annually, signaling stronger long-term resilience.
Part of the turnaround effort focuses on its flagship airline, described internally as a “problem child,” which has been weighed down by high costs in its home market. To counter this, Lufthansa plans to deepen cooperation among its carriers, shift resources to more profitable subsidiaries, and invest strategically in growth areas.
The group is also preparing for future demand with plans to add more than 230 new aircraft by 2030. This fleet expansion is expected to enhance efficiency, reduce operating costs, and improve returns across the network.
According to reports, Lufthansa’s planned job cuts represent roughly 20% of its non-operational staff, underscoring the scale of its transformation. With a sharpened focus on digital tools, automation, and strategic investments, the airline hopes to secure a more competitive and profitable future in the global aviation industry.
