Lufthansa Eyes Low-Cost Long-Haul

They're facing competition on several fronts - from low-cost carriers and Middle Eastern airlines. But Lufthansa's new CEO Carsten Spohr has a plan for the German flag carrier. He needs to win over travellers - and investors. A profit warning last month wiped $2 billion off Lufthansa's market value in a single day. Lufthansa predicts lower than expected profit in 2014 and 2015. Short-term measures to make up for that include offering fewer seats in winter than originally planned.

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