On Tuesday, Lufthansa has reported improved first-quarter earnings. The rise is partly attributed to the 'weakened' euro, which dropped by more than 11% against the dollar in this quarter. The earnings have also been boosted due to lower fuel bill.
The airline is trying to lower the costs in order to compete better with its rivals from the Gulf, Turkey and with the low-cost carriers in Europe.
The airlines stated that action was required to lower the costs further, especially because of a rising pension burden and staff-related expenses.
Lufthansa reported that its unit costs rose by 2.8% in this quarter while the ticket prices, dropped by 2.9%, thereby, considerably lowering the yields.