Lufthansa Group Cuts Capacity By 95%, To Defer Aircraft Deliveries

aircraft
A Lufthansa Airbus A320neo.
Credit: Rob Finlayson
FRANKFURT—Lufthansa Group plans to make massive cuts to its over €3 billion ($3.4 billion) in planned investments this year, as the airline prepares for an extended period of no or very little demand. “We wanted to take a new aircraft every ten days on average,” Lufthansa Group CEO Carsten Spohr...

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