German airline group Lufthansa announced on Monday that it will cut 4000 jobs at administrative level by 2030 and set higher profit margins as it wants to become more efficient via digitalisation and automation, a Reuters report said. The news led to a boost in investor confidence, as the company’s shares rose by 2% in early trading on Monday.

The airline said that it has faced cost pressures and labour disputes in recent years, forcing it to issue two profit warnings last year. It had also dropped its earlier goal of reaching an 8% operating margin. Now, Lufthansa says it is still aiming for that target, but only by the ends of the decade.

Fresh profit targets and cost control?

Lufthansa laid out its new mid-term goals on Monday. The group now expects an adjusted operating margin of

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