Airlines

Ryanair announces plans for a post-war return to Ukraine, $3 billion investment

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The largest airline in Europe, Ryanair, held a significant meeting in Kyiv with Oleksandr Kubrakov, the minister of infrastructure and deputy prime minister for Ukraine’s restoration, where it unveiled plans to invest significantly (over $3 billion) in a rapid rebuilding of Ukraine’s aviation sector after the war and when EASA declares that it is once again safe to fly to and from Ukraine.

Additionally, on the invitation of Oleksiy Dubrevskyy, CEO of Boryspil International Airport, Ryanair met today in Kyiv with representatives from the country’s three largest airports: Kyiv, Lviv, and Odesa.

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Senior management from Ryanair and the airport inspected the terminals, baggage claim, passenger check-in, boarding gate areas, control points, and aprons during the visit, and they were impressed by the excellent condition of the airport’s infrastructure and its operational readiness to resume flights when it was safe to do so. Ryanair commended the efforts made by the Boryspil International Airport staff to preserve and keep the airport’s infrastructure facilities operational throughout the war.

Within eight weeks of Ukraine’s airspace being reopened, Ryanair has vowed to resuming low-cost flights there and back. This will involve 600 weekly flights by Ryanair aircraft connecting these cities to over 20 capitals of the EU from the principal airports in Kyiv, Lviv, and Odesa. As soon as the airports in Kyiv, Lviv, and Odesa can accommodate them, Ryanair also intends to start operating daily domestic flights between those cities.

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After the war, Ryanair intends to offer more than 5 million seats to, from, and within Ukraine in the first year. Over the next five years, this number will rise to more than 10 million. The Ukrainian government, Ryanair, and its three main airports have all committed to a quick rebuild of Ukraine’s aviation. As Ukraine rebuilds its economy in the wake of the invasion, Ryanair will base up to 30 new Boeing 737 MAX aircraft at the country’s three main airports, costing over $3 billion.

Airlines

German Carrier Lufthansa Plans for 20% Job Cuts in Administration

Lufthansa Airlines is reportedly planning significant job cuts in its administrative workforce. According to Manager Magazin, the German carrier intends to reduce administrative positions by 20% as part of its cost-cutting measures amidst an anticipated decline in earnings.

This reduction could impact approximately 400 jobs, the report revealed. While Lufthansa has not directly commented on the layoffs, the airline confirmed its goal of cutting administrative costs by 20% by 2028.

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The strategy involves leveraging digital technologies, including artificial intelligence and automation. “A hiring freeze is currently in place for administrative roles at Lufthansa Airlines,” said a company spokesperson.

The staff reduction is expected to occur through natural attrition and age-related turnover, rather than forced layoffs. The internal projection cited by the magazine warns that Lufthansa could face an operating loss of €800 million ($843.92 million) by 2026 if no corrective measures are taken.

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The report highlights the challenges companies face in aligning workforce requirements with current and future demands. Failure to adapt could necessitate drastic actions, such as restructuring and layoffs, which carry significant repercussions for both the organization and its employees.

As Lufthansa navigates these challenges, the airline appears committed to balancing cost efficiency with digital transformation to maintain its competitiveness in a rapidly evolving industry.