Lufthansa chief Carsten Spohr warns on limits to growth
The CE of Lufthansa has said the airline industry needs to give up the “fantasy of growth going on forever” after a summer of strikes, delays and cancellations. Problems with airspace, airports and manufacturers delivering aircraft showed that “this industry has reached its maximum growth rate”, said Carsten Spohr. “What we need is healthy growth in line with infrastructure and manufacturers’ capacity and airline capacity. We can’t excuse ourselves, we are part of it.” Aviation capacity in Europe, measured by the number of seats, has increased about 6% a year since 2016. This exceeds the industry’s broad guide for sustainable growth of twice gross domestic product, which has recently been 2% in Europe. And there are signs that this growth is leading to delays and disruption. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-11-05/star/lufthansa-chief-carsten-spohr-warns-on-limits-to-growth
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Lufthansa chief Carsten Spohr warns on limits to growth
The CE of Lufthansa has said the airline industry needs to give up the “fantasy of growth going on forever” after a summer of strikes, delays and cancellations. Problems with airspace, airports and manufacturers delivering aircraft showed that “this industry has reached its maximum growth rate”, said Carsten Spohr. “What we need is healthy growth in line with infrastructure and manufacturers’ capacity and airline capacity. We can’t excuse ourselves, we are part of it.” Aviation capacity in Europe, measured by the number of seats, has increased about 6% a year since 2016. This exceeds the industry’s broad guide for sustainable growth of twice gross domestic product, which has recently been 2% in Europe. And there are signs that this growth is leading to delays and disruption. <br/>
