Lufthansa CEO: Shaping Way Forward to Successful Future

Deutsche Lufthansa AG published in advance the speech of CEO Carsten Spohr to the virtual 2023 Annual General Meeting on the company’s website, to give shareholders the opportunity to refer to the speech of the Chief Executive when asking questions.

During the company’s Annual General Meeting, shareholders will be able to speak through live video contributions in which they may for example submit requests and ask follow-up questions regarding the answers provided in advance.

Speech of Carsten Spohr, CEO of Deutsche Lufthansa AG at the 70th Annual General Meeting:

Ladies and Gentlemen, dear shareholders,

A warm welcome to the seventieth Annual General Meeting of Deutsche Lufthansa AG from my side, too.

I am pleased that our Annual General Meeting can be held in a new virtual format for the first time this year. And that you, our shareholders, have more opportunities to participate directly.

In addition to this, for the first time since 2019, the entire Supervisory Board and Executive Board are able to attend in person.

We welcome you together and warmly from the Eisbach studios in Munich. In the history of our company, this is only the second Annual General Meeting to be held in Munich. The first time was over 30 years ago. In 1991.

At that time, Munich-Riem Airport was still in operation. Lufthansa was majority state-owned.

That was a long time ago. Since then, we have developed the new Munich. Airport into our second hub in Germany and, with it, laid an important foundation for the Lufthansa Group’s current success.

The establishment of a second Lufthansa hub was the nucleus of our multi-hub concept. Today, our entire airline strategy is based on this business model.

How do we shape the way forward to a successful future?

What are the most important fields of action here?

What do we prioritize?

That is what I want to talk about today.

However, let me start with a look at the past weeks, around Easter.

The first big travel wave of the year. And, at the same time, the first test of every travel season.

Especially after the experiences of last summer, we prepared ourselves very thoroughly for this:

Among other things, by hiring 4,500 new employees worldwide in the first three months of the year alone. 1,500 every month.

Already more than 6,000 in the current year.