Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Lufthansa to hire 20,000 employees

Lufthansa made huge losses in 2020 and 2021. (AFP)
  • Lufthansa made huge losses when Covid brought global air travel to a halt but a rebound in demand has helped it return to profit this year.
  • In the third quarter, the airline group -- which also includes Eurowings, Austrian, Swiss and Brussels Airlines -- reported a healthy profit.

Frankfurt, Germany – Lufthansa on Monday launched a drive to hire 20,000 employees, as the German airline giant recovers strongly from the coronavirus pandemic and seeks to tackle staffing shortages.

The airline made huge losses when the virus brought global air travel to a halt but a rebound in demand has helped it return to profit this year.

Lufthansa said it was seeking the new hires in Germany, Switzerland, Austria and Belgium, with roles ranging from pilots and flight attendants to technicians and IT specialists.

A spokesman said some of the roles were being newly created while some were replacements for people who had left.

“In order to be at the forefront of the industry, we need dedicated and motivated employees for a variety of tasks and challenges,” said personnel chief Michael Niggemann.

According to figures published in October, Lufthansa had 108,000 employees at the end of September. It had 138,000 at the end of 2019, prior to the pandemic.

The airline industry in Europe is scrambling to hire new staff to cope with the rebound in demand, after many quit or were let go during the pandemic.

Lufthansa, which cut thousands of staff during the pandemic, faced strike action by pilots and ground staff over the summer, due to worker shortages but also rising inflation.

The airline group subsequently agreed to pay hikes for staff in several different areas.

In the third quarter, the airline group — which also includes Eurowings, Austrian, Swiss and Brussels Airlines — reported a healthy profit, and declared it had “left the pandemic behind”.

Lufthansa made huge losses in 2020 and 2021, and had to be bailed out by the German government, but it reported that its finances stabilized earlier than expected.