Lufthansa can reduce global capacity by half; temporarily milled all its 14 A380
With very strong trips that lead to cancellations, Lufthansa The group plans to temporarily land all of its 14 Airbus A380s as part of the movements to reduce capacity by half. The older German has launched an extensive savings program to weather the severe turbulence of the crown.
“Due to the exceptional circumstances caused by the spread of Covid-19 and the resulting drastic decline in bookings as well as numerous flight cancellations, Lufthansa Group decided to reduce the flight capacity on offer even more than previously planned. Depending on the further development of demand, capacity is to be reduced by up to 50% in coming weeks. These capacity adjustments apply to all passenger airlines in the Lufthansa Group, ”Lufthansa said in a statement.
In addition, the extent to which the entire Airbus A380 fleet (14 aircraft) may be temporarily out of service in Frankfurt & Munich is currently being examined. This measure is designed to reduce the financial consequences of the slump in demand. It complements the planned savings actions in the area of personnel, in material costs & project budgets, & other liquidity measures. In addition to an immediate hiring freeze, Lufthansa Group has already offered its employees the use of voluntary individual personnel measures in recent weeks. These include the granting of unpaid leave & bringing forward annual leave. The company is in talks with its operating partners & trade unions in order to avoid dismissals - among other measures - by means various part-time models, including probationary periods,” it added.