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Lufthansa Executive Board to receive bonus payments in the millions


The federal government saved Lufthansa in 2021 with billions in aid. The condition was that the airline's board of directors waived bonuses - they now found a trick to circumvent the regulation.

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Lufthansa-Jet: Workers' side criticizes violation of the conditions

Photo: Daniel Karmann / dpa

The members of the Lufthansa Executive Board should also receive a bonus for the crisis year 2021, when the airline received billions from the state.

The Düsseldorfer "Handelsblatt" reported on Tuesday with reference to corporate circles.

At a meeting in early December, the supervisory board voted for retrospective bonus payments in the millions for the years 2021 and 2022.

According to the information, the payments for 2021 are also controversial in the supervisory board because Lufthansa had received billions in aid from the federal government to prevent insolvency as a result of the corona crisis.

According to the “Handelsblatt”, some members of the supervisory board on the employee side voted against the bonuses and criticized a violation of the conditions of the state rescue package.

A Lufthansa spokesman told the “Handelsblatt” that the bonuses that have now been decided will only be paid out from 2025.

Therefore, there is no violation of state requirements.

This is also evident from a report commissioned by the Supervisory Board.

In the pandemic, the group had made billions in losses.

The federal government temporarily stepped in as a shareholder with a rescue package.

In 2022, the situation of the group improved noticeably.

In September of that year, the state sold its remaining shares at a substantial profit.

Just a few days ago, Lufthansa again raised its profit forecast for this year.


Source: spiegel

All business articles on 2022-12-20

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