Lufthansa plans to cut 3,500 jobs to decrease costsMay 3, 2012 - 16:31 AMT PanARMENIAN.Net - German airline Lufthansa is to cut 3,500 jobs as it seeks to cut its administrative costs by a quarter, BBC News reported. The airline will cut those full-time jobs in administrative departments worldwide over the next few years. The news came as its loss narrowed to 379m euros ($498m; £308m) in the first quarter, from a loss of 507m euros in same period of 2011. Lufthansa blamed higher fees and taxes, even as quarterly revenues rose by 5.6% to a record 6.6bn euros. These included an air traffic tax imposed in Germany and Austria and the costs of carbon emissions trading in Germany. "Higher taxes, fees and charges put a massive strain on our quarterly result," said Christoph Franz, chairman of Lufthansa AG. "We cannot wait until politicians also recognise the damage that one-sided taxes and charges do to aviation and to Europe's reputation as a place to do business." Lufthansa said that fuel costs had risen by 304m euros in the past year. Last month, Lufthansa completed the sale of loss-making UK airline BMI to IAG, the company that owns British Airways and Iberia. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements. Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of Armenia Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |