Lufthansa Group decides on first restructuring package

#68 - The Executive Board of Deutsche Lufthansa AG does not
expect the aviation industry to return to pre-coronavirus crisis
levels very quickly.  According to its assessment, it will
take months until the global travel restrictions are completely
lifted and years until the worldwide demand for air travel
returns to pre-crisis levels.  Based on this evaluation,
today the Executive Board has decided on extensive measures to
reduce the capacity of flight operations and administration long
term. 



Significant decline in air travel also expected for period
after the Coronavirus crisis


Suspension of aircraft leads to the first permanent capacity
reduction


The inevitable downsizing of flight operations shall be
implemented in a socially responsible manner, among other
things, through collective employment models



At Lufthansa, six Airbus A380s and seven A340-600s as well as
five Boeing 747-400s will be permanently decommissioned. In
addition, eleven Airbus A320s will be withdrawn from short-haul
operations.


The six A380s were already scheduled for sale to Airbus in 2022.
The decision to phase out seven A340-600s and five Boeing
747-400s was taken based on the environmental as well as economic
disadvantages of these aircraft types. With this decision,
Lufthansa will be reducing capacity at its hubs in Frankfurt and
Munich.


Write us anytime on WhatsApp and we are happy to answer your
questions.

Subscribe to our podcast. So you will not miss any episode.

You do need a free consulting? We will help you to get More Miles
| More Points | More Status. Sign up here.


Get connected with other frequent traveller in our Facebook group
& follow us on Facebook.