Lufthansa Airlines aims to boost profitability in 2026, says CEO

STORY: Germany's Lufthansa wants to increase profitability at its core brand next year after it is set to return to the black this year.That was according to the airline's CEO Jens Ritter on Thursday (November 27).Lufthansa Airlines will achieve all targets for the current year in its cost-cutting and service program that runs to 2028.The main Lufthansa brand has been called the group's "problem child," a label that it has struggled to shed.The turnaround plan is designed to cut costs and centralize operations across its multi-hub operation.Ritter added that improvements in operational stability, which have reduced compensation costs for flight cancellations and delays, have contributed to the positive development.Lufthansa has also changed regulations to allow for more flexible staffing.It said it also wants to earn more with its ongoing fleet renewal.