German Airlines Group Lufthansa Hope the new US government will support it Boeing CEO Carsten Spohr said Thursday that he was in the process of overcoming delays in the range.
Spohr told CNBC’s Annette Weisbach that the company expects 2025 to be the year to start receiving aircraft that have been “waiting for a long time”.
In the results released on Thursday, Lufthansa Report Earnings before interest and taxes fell 39% year-on-year to 1.645 billion euros ($1.78 billion), citing delays in delivery and employee strikes and global price pressures. Still, the earnings were in the estimated estimate, with the stock rising 13% before a slight gain in the afternoon.
Lufthansa alone has 41 twin-racing aircraft awaiting delivery, Spohr said. Meanwhile, almost all over 240 aircraft will be affected by some kind of delay in the coming years.
“It’s either due to supply chain issues in aircraft production or due to certification issues, especially between Boeing and the Federal Aviation Administration,” Spohr said.
“So we hope this will be overcome and maybe with some support from the new US administration (this) Hopefully we can allow us to operate the most modern aircraft, which is an advantage for our passengers, but due to the lower costs, our shareholders have an advantage. ”
The shortage of aircraft and the need to keep older models have caused additional fuel costs and punctuality issues for the Lufthansa Group, which includes the German Flag Airlines of the same name, as well as low-cost subsidiary Europe, Austrian Airlines, Brussels Airlines, ITA Airlines, ITA Airways and Swiss International Air Lines.
Boeing’s European rival airbus Too Solve supply chain problems It has been influencing airlines around the world for many years.
But the U.S. manufacturing giant also came under regulatory scrutiny after many safety incidents involving its jets Two fatal crashes and Door-on-board plug sprayalso Accusation Safety shortcut.
Transatlantic relations “grow”
Despite the challenges, Spohr said the airline group believes it can achieve a “significant” higher profit forecast in 2025, largely due to the strength of global airline demand.
Although the company’s demand has been partially restored He said that due to pandemic travel restrictions, leisure demand will drive growth even on advanced economic and commercial routes.
Spohr also told CNBC that North Atlantic travel is the backbone of Lufthansa’s long-term network, although “current discussions” include U.S. tariffs on the EU and threats from President Donald Trump Relations with Europe deteriorate Demand is growing in trade and the Ukrainian war.
“The transatlantic relationship is not only in a tactical state, but is growing… We are now seeing the impact so far (under Trump’s leadership), we see strong bookings from the United States, but also from Europe to the United States”
“Of course, tariffs won’t support global trade, so I hope to avoid that trade, but despite this, my optimism has been driven to partly by very strong transatlantic travel on both sides of the Atlantic.”
Spoel says The parties agreed to try to reform the country’s long-term debt rules, many people are considered The potential game-changing of struggling economy.
“Any stimulus that contributes to the development of Germany’s economy will support our business,” he said.
“I’m optimistic. I think there’s no way to maintain a German lifestyle without a healthy economy and a broad political scope. Our large European companies need to play their role by investing in Germany, trusting Germany.”
