Lufthansa has again received an award from the Armbrust Aviation Group for having the best fuel management strategy in the airline industry. The fuel suppliers who took part in the survey ranked Lufthansa first in seven of the eight individual categories, including “Best staff”, “Attention to quality & operations” and “Most innovative”.
“Our long-term approach, which takes account of the entire fuel management process, is paying off,” said Helmut Fredrich, Head of Fuel Management at Lufthansa.
Since 1990 the Lufthansa Group has pursued a successful policy of hedging its fuel requirement against adverse fluctuations in the price of oil. To date, this has resulted in cost savings totalling more than 1.5 billion euros.
