Lufthansa To Further Cut Capacity and Ground Most of Fleet | Aviation International News

Lufthansa To Further Cut Capacity and Ground Most of Fleet

The German airline group has entered talks with Airbus and Boeing to defer deliveries and cancel orders.

By Cathy Buyck • Contributor - Europe

March 19, 2020

While noting that Lufthansa Group reacted very early to counteract the drop in demand in the wake of the Covid-19 outbreak, company CEO Carsten Spohr warned on Thursday that the airline would need to enact more measures as demand dries up and more and more countries impose entry restrictions. “The spread of the coronavirus has placed the entire global economy and our company as well in an unprecedented state of emergency,” Spohr said during the presentation of Lufthansa’s full-year results. “At present, no one can foresee the consequences. We have to counter this extraordinary situation with drastic and sometimes painful measures.”

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