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Today, more than ever, airlines of all shapes and sizes across the world face significant challenges: deregulation, consolidation, increase factor input costs, shareholder value creation and increased competition from new business models, to name just a few. Often carriers fail to respond adequately or rapidly enough to changes in the marketplace. This may be due to the complexity of their organization or strained stakeholder relations - or they may simply have overlooked or misinterpreted a lasting change in operating conditions. Either way, this can trigger a financial crisis and expose an urgent need to restructure their operations.
Airline restructuring is one of the most challenging and complex fields in airline consulting, since it potentially involves every single link in an airline's value chain - from financial management and ground operations to strategy and network development. By definition, restructuring is an intricate, goal-oriented and time-definite sequence of activities, all of which aim to bring about a lasting improvement in competitiveness. Lufthansa Consulting’s approach to restructuring takes into account a methodological approach to bringing about improvements in the short term to help prevent or recover from a crisis, in the medium term to reinvigorate employees and customers, and in the long term in order to drive sustainable competitiveness and maintain customer loyalty. Restructuring can be the first step towards preparing an airline for a forthcoming privatization and transforming it into an attractive investment for potential investors.
Lufthansa Consulting has the necessary competence and experience in every airline-specific area to make your restructuring effort a success. Our holistic approach takes account of a client's specific ability - in terms of capacity, resources and competence - to manage restructuring. We help to define improvement measures, set up the project organization and assist you in implementing the turnaround and restructuring plan.
Lufthansa Consulting offers a wide range of corporate restructuring support. This includes management consultancy, project management and shadow management (management secondment). We can also assign executives to fill certain positions within your airline on a temporary basis.