Lufthansa CEO Carsten Spohr told employees to expect deeper cuts to staff levels and the group’s fleet as the recovery of air travel will take much longer than originally anticipated.
Routes analyzes some of the services returning as well as new routes being launched. This week we look at Turkish Airlines’ delayed plans to serve Vancouver; Forli in northern Italy securing its first route in more than seven years; and S7 adding a leisure destination from Novosibirsk.
German cabin crew union UFO is recommending its members accept a preliminary crisis deal reached with Lufthansa to avoid forced redundancies despite major uncertainties about the details.
With the return of demand for long-haul travel still unclear, Lufthansa is preparing fundamental cuts to the group’s long-haul fleet that are likely to see several types retired entirely.
Brussels Airlines is increasing its range of short- and medium-haul fare options to align its offering more closely with the rest of the Lufthansa Group’s full-service carriers.
Lufthansa Group said the collapse in demand for air travel following the outbreak of COVID-19 leaves it no choice but to start making redundancies in Germany and scrap 100 of its aircraft.
Lufthansa Group said June 29 that it is seeing increased demand for short-term and long-term bookings and has therefore taken the decision to return another 200 aircraft to service between now and the end of October.
FRANKFURT—An extraordinary assembly of shareholders and the European Commission (EC) has approved a €9 billion ($10.1 billion) state bailout for Lufthansa, clearing the way for the airline to begin its long route to recovery and avoid an imminent bankruptcy filing.
With COVID-19 travel restrictions easing in parts of the world, airlines are gradually rebuilding their networks. Routes analyzes some of the services returning as well as new routes being launched. This week we look at JetBlue’s domestic expansion strategy, Peach adding routes from Tokyo Narita, and Lufthansa resuming mainland China operations.
Lufthansa CEO Carsten Spohr said the airline has made ample preparations to avoid a grounding, in case an extraordinary general assembly rejects the company’s multi-billion bailout on June 25 and the airline is forced to file for insolvency proceedings.
Lufthansa warned June 17 that it may have to file for a protective shield insolvency restructuring process if an extraordinary shareholder meeting does not approve the proposed €9 billion ($10.1 billion) state-aid package on June 25.
Austrian Airlines has reached a deal with the Austrian Government and parent Lufthansa for a €600 million ($677 million) coronavirus rescue package that comes with strict ecological requirements attached.
FRANKFURT—Lufthansa’s board of directors has approved a compromise reached by the European Commission and the German government that clears the way for the airline to receive a €9 billion ($9.9 billion) bailout and fend off an insolvency filing.
Nuremberg Airport (NUE) has unveiled a new incentive scheme to support airlines in the recovery period following COVID-19. Routes spoke to MD Michael Hupe and head of route development Christian Kaeser to find out more about the strategy.
