Lufthansa to cut more jobs as it loses 500 million euros a month



a airplane that is sitting on a runway at an airport: Lufthansa to cut more jobs as it loses 500 million euros a month


© Ruchira Kondepudi
Lufthansa to cut more jobs as it loses 500 million euros a month

Lufthansa said on Monday that it will slash more jobs on top of 22,000 previously announced cuts and put more planes out of service with current losses running at some 500 million euros ($590 million) a month.

With demand set to be lower than expected through winter as the coronavirus pandemic continues to severely curtail travel, the airline said it now plans to reduce its fleet by 150 planes by 2025.

It had previously estimated it would have to scrap 100 aircraft in response to the unprecedented crisis in the aviation sector.

Lufthansa, which received a government bailout worth nine billion euros in June, said it would have to book 1.1 billion in impairment over its fleet decision.

And “the previously announced personnel surplus amounting to 22,000 full-time positions will increase as a result

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Lufthansa CEO Prepares Staff for Deeper Job and Fleet Cuts

(Bloomberg) — Deutsche Lufthansa AG is preparing for more drastic cutbacks in its global workforce and airline fleet than it previously planned, after a hoped-for recovery of air traffic fizzled out.

Recent rules that forced travelers into quarantine have had a catastrophic effect on bookings, Chief Executive Officer Carsten Spohr told staff at a meeting on Tuesday, according to people in attendance. For October, seat reservations stand at less than 10% of year-ago levels, said the people, who asked not to be named discussing comments that weren’t publicly made.



a man wearing a suit and tie: Deutsche Lufthansa AG CEO Carsten Spohr Unveils Airline's New Logo


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Deutsche Lufthansa AG CEO Carsten Spohr Unveils Airline’s New Logo

Carsten Spohr

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A surge in European virus cases has forced Europe’s biggest airline to tear up its recovery plan and pare back its ambitions to cope with the deteriorating outlook. Lufthansa, which accepted a 9 billion-euro ($10.7 billion) German bailout in early June, now expects a recovery

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Lufthansa Weighs Cutting More Jobs as Travel Slump Endures

(Bloomberg) —



a group of people standing in a room: A Deutsche Lufthansa AG crew member holds sachets of disposable handwipes as the airline and airport operator Fraport AG showcase new coronavirus safety measures at Frankfurt Airport in Frankfurt, Germany, on Wednesday, June 17, 2020. Deutsche Lufthansa said a low turnout at its extraordinary general meeting next week is placing its 9 billion-euro ($10 billion) German bailout at risk of falling apart.


© Bloomberg
A Deutsche Lufthansa AG crew member holds sachets of disposable handwipes as the airline and airport operator Fraport AG showcase new coronavirus safety measures at Frankfurt Airport in Frankfurt, Germany, on Wednesday, June 17, 2020. Deutsche Lufthansa said a low turnout at its extraordinary general meeting next week is placing its 9 billion-euro ($10 billion) German bailout at risk of falling apart.

Deutsche Lufthansa AG, Europe’s biggest airline, is working on further belt-tightening measures that could result in the elimination of 20,000 more jobs, according to newspaper NZZ am Sonntag.

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The steps are currently being hammered out by the management of the German carrier and could be communicated in September, the Swiss newspaper reported on Sunday, citing two people it didn’t identify. The cuts under consideration for September would be on top of measures already publicly announced, NZZ am Sonntag said.

A spokesman for

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