And now it comes to Lufthansa

[Iver]

Lufthansa has had its own aviation consulting firm for many years - and yet even they haven't been able to "consult" effectively enough to help LH avoid these challenges. I wonder if Lufthansa would choose to hire its own consultants nowadays. Don't worry - in a few years we will unfortunately see only LCCs in Europe plus maybe 2-3 legacies (maybe BA, LH and AF/KL) with large LCC divisions. Increasing competitive pressures from Ryanair, Easyjet, Vueling, Wizzair, Norwegian and perhaps Air Berlin will make current legacy contracts completely unaffordable... Many of these public LCCs have to increase their growth rates (and maintain or grow margins) to keep their stock prices high - the competition in the region will only increase.

Sad, but I can imagine Emirates, Qatar and that other UAE carrier salivating at the long lines of "cheap" European pilots looking toward the ME in response...