Lufthansa to cut thousands of jobs in pursuit of efficiency 

Lufthansa, Europe’s largest airline by sales, is expected to announce several thousand job cuts at its first company-wide capital markets day in six years, two sources close to the matter said, sending the carrier’s shares up 3.4% to their highest level in more than three weeks. 

The move underscores efforts by Lufthansa CEO Carsten Spohr to restore confidence after investors have questioned the group’s ability to cut costs and take more drastic steps to implement an ambitious turnaround.