Lufthansa (LH, Frankfurt International) has announced that as a part of its new turnaround programme it will retire all remaining A330-200s, A340-300s, A340-600s, and B747-400s by 2028 to reduce the costly complexity of its widebody fleet.
The ch-aviation fleets module shows the airline currently operates seventeen A340-300s, seventeen A340-600s, and eight B747-400s. It owns all of these aircraft. It also operates nine A330-300s, and while it no longer operates any A330-200s, having retired all five as of 2006, its leisure-focused Discover Airlines (4Y, Frankfurt International) subsidiary operates three.
Lufthansa did not respond to ch-aviation's request for confirmation that the announced plan pertains to the Discover-operated A330-200s.
Lufthansa's quadjet fleet also comprises eight A380-800s (of which five are currently active) and nineteen B747-8s.
Lufthansa Group conceded in its quarterly earnings release that it was becoming "increasingly challenging" for its mainline to hope to break even in 2024. The holding posted a EUR212 million euro (USD229 million) operating loss for the first half of 2024, while Lufthansa itself recorded a EUR442 million (USD478 million) operating loss.
The holding blamed late aircraft deliveries as one of the causes of its current headaches. On a group level, it took 41 fewer B787-9s and B777-9s between 2019 and now than it had planned. It compensated for the delays by extending the service lives of twenty-three A340-300s and B747-400s. This only partially offset the delays, with 18 aircraft still missing, while at the same time there were rising fuel and operating costs. The changes also increase "irregularity costs" and lower crew productivity. As a result, Lufthansa Group estimates the cost of delayed widebody deliveries to be in triple-digit millions of euros.
Lufthansa has twenty-one B777-9s, seven B777-8Fs, and thirty-four B787-9s remaining on orders from Boeing.
The holding identified a host of other issues affecting its mainline carrier, such as "negative market development in the key Asia-Pacific traffic region, inefficiencies in its Lufthansa and Lufthansa CityLine flight operations", and "the disproportionately high increase in location cost in Germany and new collective labour agreements".
The newly launched turnaround programme, which aims to make Lufthansa "fit for the future" and "the Group's flagship again", will also tighten the focus on its premium product, more seasonal network, an increase in Lufthansa City Airlines and Discover operations, and other improvements. Lufthansa Group noted that its other carriers "remain on course in line with market developments". Nonetheless, Swiss was the only one to post an operating profit in the first half of the year. Austrian Airlines, Brussels Airlines, and Eurowings all posted small operating losses not exceeding EUR100 million (USD108 million).
