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  "documentTitle": "2025 Annual Report",
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  "authorName": "Lufthansa Group",
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  "notes": "This is a page from an annual report detailing governance and methodology for risk and opportunity management.",
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      "text": "The management of opportunities and risks is integrated into business processes.",
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      "text": "The management of opportunities and risks is integrated into business processes. Risks are identified early and are managed and monitored proactively. Targeted use of opportunities. Continued recovery in demand for flights and stronger balance sheet combine to reduce risk. Geopolitical conflicts, resource and supply-chain bottlenecks and cyclical developments cause risks to increase. In view of its risk-mitigation measures and strong balance sheet, the Executive Board does not consider that the continued existence of the Lufthansa Group is at risk.",
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      "text": "Objectives and strategy of the risk management system: Risk management aims to fully identify material risks, present them transparently, and assess and manage them. Risk owners are obliged to monitor and manage risks proactively.",
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      "kind": "paragraph",
      "text": "Structure of the risk management system: The scope comprises all passenger airlines, Logistics, MRO, Aviation Training, Miles & More, Global Business Services, IT companies, and Delvag. The Audit Committee monitors effectiveness. The Risk Management Committee ensures processes and rules are established. Corporate Controlling ensures standardization.",
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      "text": "Opportunity management process: For the highly dynamic global airline industry, opportunities can arise both externally and internally. Employees and managers identify opportunities through continuous market observation and ongoing reviews of products and processes.",
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