All the new post-Covid turmoil for Lufthansa
Lufthansa could cut over 22,000 jobs and do without 100 jets while waiting for air traffic to resume
The increases in infections from Covid-19 land Lufthansa. The largest European airline, Bloomberg writes , is preparing for more drastic cuts than those announced so far, on the front of the workforce and on the air fleet front, due to a recovery in traffic that does not arrive. All the details.
THE DROP IN AIR TRAFFIC
A new wave of Covid-19 cases has held back new flight bookings. According to Lufhthansa CEO Carsten Spohr, seat bookings for the month of October are less than 10% of the levels of a year ago.
In general, the traffic is less than 20% last year.
LUFTHANSA REVIEWS THE PLANS
Numbers that have forced the company , which in recent months has accepted a 9 billion euro state life buoy (the state that has become the first 20% shareholder), to review the post-Covid recovery plan.
Lufthansa, in fact, is convinced that we will have to wait at least half of the decade for a real recovery of the sky market.
THE NEW CUTS OF THE GERMAN COMPANY
To cope with this storm, Lufthansa is poised to shed around 100 jets and cut more than 22,000 full-time jobs. Meanwhile , Bloomberg writes, the airline will take steps to increase customer focus and become more sustainable.
NOTHING IS STILL DECIDED
However, nothing has yet been decided. “No final decisions have been made,” reassured a Lufthansa spokesperson.
ORDERS OF A350
Meanwhile, it seems that Lufthansa has started negotiations with Airbus for some twin-engine A350s. The company wants to entrust future flights to more modern jets to replace older, more polluting models, Spohr said. Those extra jets can be rented rather than bought in light of priorities, with the aim of conserving the group's cash.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/tutte-le-nuove-turbolenze-post-covid-per-lufthansa/ on Wed, 16 Sep 2020 13:50:26 +0000.