June 24, 2019 / 8:57 AM / 5 months ago

Lufthansa announces turnaround plan for budget unit Eurowings

BERLIN, June 24 (Reuters) - German carrier Lufthansa announced a turnaround plan for Eurowings on Monday, saying its budget unit would in future focus on short-haul flights and seek a 15% cut in unit costs by 2022 in a bid to return to profit.

Lufthansa said its Eurowings fleet would be standardised on the Airbus A320 family. It said Brussels Airlines, for which a turnaround plan would be announced in the third quarter, would not be integrated into Eurowings. (Reporting by Michelle Martin, editing by Emma Thomasson)

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