Lufthansa warns it will emerge from pandemic as smaller business
Lufthansa has warned that the aviation industry will be hit much harder than the rest of the global economy by the coronavirus pandemic, and that it is likely to emerge as a smaller business. “The Lufthansa Group after the crisis won’t return to the old normal status and just continue flying as usual,” said CE Carsten Spohr. “We react twice as strongly to changes in the world economy,” he added. “Lufthansa Group as a result will shrink.” The airline has grounded 700 of its 763 planes and is set to reduce its capacity by 95% as of next week. Subsidiaries Air Dolomiti, Austrian Airlines and Brussels Airlines have stopped all regular flights, while Swiss will offer just 3 weekly flights to the US and a much reduced short-haul schedule. “We have no incoming bookings any more, hardly any,” said Spohr. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-03-20/star/lufthansa-warns-it-will-emerge-from-pandemic-as-smaller-business
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Lufthansa warns it will emerge from pandemic as smaller business
Lufthansa has warned that the aviation industry will be hit much harder than the rest of the global economy by the coronavirus pandemic, and that it is likely to emerge as a smaller business. “The Lufthansa Group after the crisis won’t return to the old normal status and just continue flying as usual,” said CE Carsten Spohr. “We react twice as strongly to changes in the world economy,” he added. “Lufthansa Group as a result will shrink.” The airline has grounded 700 of its 763 planes and is set to reduce its capacity by 95% as of next week. Subsidiaries Air Dolomiti, Austrian Airlines and Brussels Airlines have stopped all regular flights, while Swiss will offer just 3 weekly flights to the US and a much reduced short-haul schedule. “We have no incoming bookings any more, hardly any,” said Spohr. <br/>
