Lufthansa CEO blames low-cost tickets for harming the Aviation Industry’s Reputation

Lufthansa CEO Carsten Spohr criticized ultra-cheap airfares, which can sometimes be found at low-cost airlines. The top manager expressed his position in an interview with the Swiss newspaper Neue Zuercher Zeitung.

“Tickets for 9.99 euros are ecologically and economically irresponsible. They are damaging the reputation of our industry, ” Spohr says. So he commented on the issue of environmental tax for airlines, that is being discussed in Switzerland. According to the top manager, the main thing is that this tax is applied equally to everyone and competition should not suffer.

Spohr also added Europe’s Largest Airline will raise investments in the financial markets to pay back the government loans it received to deal with the crisis caused by the coronavirus pandemic. “Lufthansa won’t be debt-free but we want to get market loans to repay taxpayers’ money in Switzerland, in Germany and Austria,” Spohr said. “We would rather be indebted to the capital market than to the taxpayer.”