Lufthansa extends contract of CEO Carsten Spohr

BERLIN (Reuters) – German airline group Lufthansa (LHAG.DE) has prolonged the contract of its Chief Government Carsten Spohr for an extra 5 years, with the supervisor set to report one other file 12 months when it comes to monetary outcomes later this week.

FILE PHOTO – Lufthansa Chief Government Officer Carsten Spohr attends the annual shareholders assembly in Hamburg, Germany Might 5 2017. REUTERS/Fabian Bimmer

Spohr’s contract has been prolonged to December 2023, Lufthansa stated in a press release on Wednesday.

Spohr has been CEO of Lufthansa since 2014 and has expanded its price range unit Eurowings within the face of low-cost competitors, navigated a sequence of strikes from employees and dealt with the corporate’s response to the crash of a Germanwings plane in 2015.

The group is because of report 2017 outcomes on Thursday, with analysts on common forecasting adjusted EBIT of two.eight billion euros ($three.46 billion).

($1 = zero.8083 euros)

Reporting by Victoria Bryan; Modifying by Maria Sheahan

Yasir Ali
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