Delays in aircraft deliveries have a ‘bad’ impact on Lufthansa, says Reuters CEO
(Reuters) – Flight delivery problems are having a “brutal” impact on Lufthansa and will not be resolved before the end of the decade, according to CEO Carsten Spohr.
Speaking at a press club in Stuttgart late Thursday, Spohr said the aircraft shortage could cost Lufthansa around 500 million euros ($535.00 million) a year, although he did not give an exact figure.
Lufthansa has ordered 250 new planes from Airbus and Boeing (NYSE: ) to modernize its fleet, with deliveries scheduled between 2024 and 2029.
However, “no plane arrived on time,” Spohr said, adding that nearly 100 of Lufthansa’s 750 planes were grounded for maintenance reasons or because they were grounded.
Earlier this week, Airbus lowered its forecast for deliveries this year to about 770 jets from about 800. The announcement came amid growing skepticism among suppliers about its aircraft brand as Airbus faces a shortage of parts.
Meanwhile, a series of incidents at Boeing have increased scrutiny of the US manufacturer, adding to delivery delays that began during the pandemic.
($1 = 0.9346 euros)
