Lufthansa caps GCC growth amid crowded skies

Lufthansa Group will hold back its hub airlines from increasing capacity into the oil-rich Arab Gulf states for at least the next 12 months over concerns there is a glut of seats in the region. Instead, its hub airlines will focus on adding flights to Iran and Eurowings will consider new services to the region after launching Dubai-Cologne flights last year. “What we clearly see right now is a clear sign of overcapacity in the region,” Tamur Goudarzi Pour, Lufthansa’s VP for the Middle East, said Wednesday. Lufthansa Group has reined in its Gulf operations over the past 12 months, cancelling services to Abu Dhabi and Dubai, while increasing routes to Iran following the January lifting of sanctions. Lufthansa’s Abu Dhabi-Frankfurt and Australian Airlines’ Vienna-Dubai routes were cancelled last summer. <br/>
Gulf News
http://gulfnews.com/business/aviation/lufthansa-caps-gcc-growth-amid-crowded-skies-1.1830444
5/18/16
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