Lufthansa confirmed to ATW it will announce a cost savings program in the 2012 first quarter but has not released details. The German newspaper Handelsblatt reported the program would be “up to €1.5 billion ($1.96 billion).” The newspaper reported the new cost saving program would be added to the already installed Climb 2011 savings initiative, which is projected to save up to one €1 billion. Climb 2011 includes tough measures, such as phasing out all 50-seat ...

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