As more clients are flying economy, i.e. with less on-board service, Lufthansa intends to reduce the number of catering kitchens (brand name is LSG Sky Chefs). Based on leaked information, the number of kitchens will be reduced from 23 to 7 in Europe and the number of employees by 1,700 from 5,500 in Germany alone.
In the past, Catering has shown rather volatile earnings, but these have stabilised during recent years. Divisional profit margins were in the vicinity of 5% until 2014 but the margi ....
09 Jun 2016
Catering business will be streamlined
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Catering business will be streamlined
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
09 Jun 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
As more clients are flying economy, i.e. with less on-board service, Lufthansa intends to reduce the number of catering kitchens (brand name is LSG Sky Chefs). Based on leaked information, the number of kitchens will be reduced from 23 to 7 in Europe and the number of employees by 1,700 from 5,500 in Germany alone.
In the past, Catering has shown rather volatile earnings, but these have stabilised during recent years. Divisional profit margins were in the vicinity of 5% until 2014 but the margi ....