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