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Lufthansa CEO eyes airline mergers in Europe
German airline Lufthansa (LHAG.DE) wants to take part in much-needed industry consolidation in Europe so carriers can compete better with U.S. and Asian rivals, Chief Executive Carsten Spohr said on Thursday. Spohr told an annual shareholders meeting in Hamburg on Thursday that the five largest airlines in the United States have an 80 percent share of the market, while in Europe the top five have just 40 percent. (uk.reuters.com) עוד...
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Instead of growing larger and taking profits by eliminating admin expenses of companies that are taken over, LH should concentrate on competing with service. With less airlines service grinds to a halt and prices rise due to lack of competition.
