Lufthansa will comfortably achieve its profit target this year even after a series of strikes and the French Alps crash of one of its Germanwings aircraft, according to CEO Carsten Spohr. Kirsty Basset reports.
Lufthansa has had a good summer. That's according to CEO Carsten Spohr, who says the company has seen its strongest summer ever in its history. That was despite a plane from its short-haul business, Germanwings, crashing in the French Alps earlier this year. (SOUNDBITE) (English) LUFTHANSA CEO, CARSTEN SPOHR, SAYING: "As a matter fact as tragic as the accident was, we hit one of our strongest months ever right after the crash. So I think this also showed the confidence in Lufthansa, which we have built up over 60 years and shows the value and the strength of this brand." Lufthansa shares rose as much as 6.6 per cent after Spohr said the company was on track to meet its 2015 profit target of over 1.5 billion euros. With expectations Germanwings will make its first profit in years. (SOUNDBITE) (English) LUFTHANSA CEO, CARSTEN SPOHR, SAYING: "We always indicated that we want to create a black number this year and it very much looks like it's even gonna be a double digit number and that's beyond our expectations considering where we started from two years ago." But pilots are threatening further walkouts, in an ongoing protest against retirement benefits and cost cuts, in a dispute which has seen a dozen strikes and cost the airline hundreds of millions of euros over the last eighteen months.