Aircraft
Lufthansa Warns of Low Yields as Capacity Expands
The number of flights in European airspace are nearing 50 percent of 2019 levels, driven mainly by low-cost carriers operating short-haul leisure flights.
Cargo operations provided some welcome relief from otherwise discouraging market conditions for the Lufthansa Group. [Photo: Lufthansa]
Cargo operations provided some welcome relief from otherwise discouraging market conditions for the Lufthansa Group. [Photo: Lufthansa]

Lufthansa Group, for now, is sticking to plans to keep 300 aircraft grounded in 2021 and 200 in 2022, but these numbers may be on “the low side” because the company’s outlook on the recovery of air travel demand is somewhat less positive than it was a couple of months ago when it drafted the fleet restructuring plan, the group’s CEO, Carsten Spohr, conceded on Thursday. Speaking during a second-half results call with analysts, he said customer demand is only improving at a low rate.