{"id":282198,"date":"2019-07-15T06:29:11","date_gmt":"2019-07-15T06:29:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282198"},"modified":"2019-07-15T06:29:11","modified_gmt":"2019-07-15T06:29:11","slug":"lufthansa-ceo-slams-ultra-cheap-fares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lufthansa-ceo-slams-ultra-cheap-fares\/","title":{"rendered":"Lufthansa CEO slams ultra-cheap fares"},"content":{"rendered":"<p>Deutsche Lufthansa AGs Chief Executive Officer Carsten Spohr criticised competitors for offering unprofitable ultra-cheap fares as a price war squeezes industry earnings.<\/p>\n<p>Tickets costing less than 10 euros ($11) are economically, ecologically and politically irresponsible, he said in an interview with the Swiss newspaper NZZ am Sonntag. Flights for less than 10 euros shouldn\u2019t exist.<\/p>\n<p>Europe\u2019s two biggest low-cost carriers are losing a massive amount of money as they seek to boost sales in Germany, Lufthansa\u2019s home market, Spohr said. Lufthansa lowered its 2019 profit forecast last month, citing a decline in air fares caused by competition from low-cost rivals in Europe particularly Germany and Austria.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deutsche Lufthansa AGs Chief Executive Officer Carsten Spohr criticised competitors for offering unprofitable ultra-cheap fares as a price war squeezes industry earnings. Tickets costing less than 10 euros ($11) are economically, ecologically and politically irresponsible, he said in an interview with the Swiss newspaper NZZ am Sonntag. Flights for less than 10 euros shouldn\u2019t exist. Europe\u2019s two biggest low-cost carriers are losing a massive amount of money as they seek to boost sales in Germany, Lufthansa\u2019s home market, Spohr said. Lufthansa lowered its 2019 profit forecast last month, citing a decline in air fares caused by competition from low-cost rivals [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-282198","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282198"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282198\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}