More strikes mean fewer planes for Brussels Airlines, Lufthansa CE warns

The strikes at Brussels Airlines will increase costs, reduce profits and mean fewer planes for the company, Lufthansa CE Carsten Spohr said. “The company will grow only if results follow,” he added. "Generally, we purchase planes for the group and reallocate them to all the companies, depending on each one’s profits,” Spohr explained. “We try to find the best place for each plane to have the best capital return. That’s why I’m very “laid back” with the strikes at Brussels Airlines : the costs increase, the return on investment decreases, that means fewer planes for Brussels Airlines. At Swiss, it’s the opposite; they have good results and they receive more planes.” Asked about the future of Brussels Airlines and Eurowings by 2020, Carsten Spohr said that "in any event, Brussels Airlines is too small to be able to survive alone". <br/>