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.
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