Fearing an economic downturn, Germany’s flagship Lufthansa is cutting flights and capacity, the company announced on Thursday.
“We are removing part of the anticipated additional capacity out of planning, in that we are reducing frequency, cutting some connections, and using smaller airplanes,” Chairman Carsten Spohr told the Süddeutsche Zeitung newspaper.
It was crucial in these times to take make such decisions early rather than flying through the crisis with empty planes, he added.
The firm has just reduced its prognosis for this year, to a growth rate of four percent – dramatically lower than the 12 percent which had initially been expected.
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“We are removing part of the anticipated additional capacity out of planning, in that we are reducing frequency, cutting some connections, and using smaller airplanes,” Chairman Carsten Spohr told the Süddeutsche Zeitung newspaper.
It was crucial in these times to take make such decisions early rather than flying through the crisis with empty planes, he added.
The firm has just reduced its prognosis for this year, to a growth rate of four percent – dramatically lower than the 12 percent which had initially been expected.
more....................................
Air Berlin to cut fleet by 10%