LUFTHANSA GROUP DECIDES ON EXTENSIVE CAPACITY ADJUSTMENTS
In recent days, the Lufthansa Group has been exposed to drastic declines in bookings and numerous flight cancellations due to the spread of the COVID-19 virus. All traffic areas are now affected.
The Executive Board of Deutsche Lufthansa AG therefore decided today to reduce the flight capacity offered even more than previously planned. Based on further demand development, capacity will be reduced by up to 50% in the coming weeks.
This measure is intended to reduce the financial consequences of the slump in demand. It complements the planned savings measures in personnel, material costs and project budgets as well as other liquidity measures.