REX, Australia entered voluntary administration with Ernst & Young Australia. All regional flights (Saab 340) are still flying as scheduled, but all domestic flights (737s) between major cities have been cancelled with aircraft grounded.
LUFTHANSA GROUP had €469m net income on €10b revenues in 2Q24 vs €881m on €9.4b in 2Q23; however, it launched comprehensive turnaround program after posting €427m loss in 1H24 due to negative market development in Asia-Pacific, inefficiencies in Lufthansa and CityLine flight operations, significant delays in aircraft deliveries affecting fleet management and increasing maintenance costs for older aircraft still in service, and new collective labor agreements.
Lufthansa Airlines' long-haul fleet will be streamlined by decommissioning its Airbus A340-300, A340-600, A330-200 and Boeing 747-400 sub-fleets by 2028.
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Leonardo is cutting work at its site making 787 fuselages for Boeing to a single shift as a short-term measure to address the slow pace of aircraft deliveries.