“The big drop has given airlines more financial firepower”, Ryanair’s Chief Marketing Officer Kenny Jacobs recently said. How true – and precisely because airlines currently have a cost-friendly environment with the lowest fuel prices for more than a decade, they would be well advised to take advantage of this fact to continuously work on improving their efficiency. It is well-known that aviation companies are under constant pressure to achieve and ensure sustainable profits.
Now is the best time to prepare for the future, by securing profit margins or initiating restructuring measures. Liquidity is at a healthy level and cash flows present the opportunity to finance necessary investments.
Long-term profitability means overcoming inefficiencies often found in and between areas within a company that has grown over the years. Efficient processes are the basics for a lean structure and prerequisites to reducing costs in all areas of the organization.
Supporting clients in achieving this goal, Lufthansa Consulting offers a comprehensive holistic approach to introduce process orientation in organizations: the basic idea is to focus on value-adding activities as well integrated processing and handling. The involvement of the client’s own experts in co-operation with specialists from Lufthansa Consulting ensures state-of-the-art and realistic process re-design, thus leading to smooth implementation and tangible results at the venture itself.
Lufthansa Consulting has successfully applied this approach in many aviation companies around the world, aiming towards increased competitiveness.
If you would like to discuss how Lufthansa Consulting can help your business, please contact our experts.