Air Transport World

Lufthansa CEO Jurgen Weber. (News Briefs: Europe Report).(Brief Article)

Lufthansa CEO Jurgen Weber in early Jan. withdrew previous forecasts of [euro]1 billion ($1.05 billion) operating profit for 2003, explaining that the current situation makes predicting an outcome for the year impossible. Weber cited political and economic uncertainties impacting the airline industry worldwide, exacerbated by threats of labor unrest in Germany and wage negotiations with the union representing Lufthansa's 52,000 cabin and ground staff. He held fast to a previous prediction that the airline achieved an operating profit of [euro]700-750 million for 2002.

Wolfgang Mayrhuber, deputy chairman of Lufthansa AG and CEO of its passenger airline division, will continue as CEO of the aviation group's core passenger business when he succeeds Weber as group chairman and CEO in June. …

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