Australia markets closed
  • ALL ORDS

    6,816.80
    -32.00 (-0.47%)
     
  • ASX 200

    6,601.10
    -35.30 (-0.53%)
     
  • AUD/USD

    0.7391
    +0.0034 (+0.46%)
     
  • OIL

    45.37
    -0.34 (-0.74%)
     
  • GOLD

    1,783.00
    -28.20 (-1.56%)
     
  • BTC-AUD

    22,766.75
    -252.24 (-1.10%)
     
  • CMC Crypto 200

    329.22
    -8.28 (-2.45%)
     
  • AUD/EUR

    0.6185
    +0.0013 (+0.21%)
     
  • AUD/NZD

    1.0506
    +0.0003 (+0.03%)
     
  • NZX 50

    12,639.83
    +37.81 (+0.30%)
     
  • NASDAQ

    12,231.30
    +79.09 (+0.65%)
     
  • FTSE

    6,337.74
    -25.19 (-0.40%)
     
  • Dow Jones

    29,983.45
    +110.98 (+0.37%)
     
  • DAX

    13,318.92
    +32.35 (+0.24%)
     
  • Hang Seng

    26,894.68
    +75.23 (+0.28%)
     
  • NIKKEI 225

    26,644.71
    +107.40 (+0.40%)
     

Lufthansa to ground more planes during winter as pandemic bites

·1-min read
FILE PHOTO: Airplanes of German carrier Lufthansa stand on the tarmac at Munich International Airport
FILE PHOTO: Airplanes of German carrier Lufthansa stand on the tarmac at Munich International Airport

FRANKFURT (Reuters) - Deutsche Lufthansa <LHAG.DE> is preparing to ground more planes than planned and cut working hours during the winter as a surge in coronavirus infections is putting people off travelling.

Lufthansa and its subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines will ground 125 more aircraft during the winter than originally planned, Chief Executive Carsten Spohr said in a letter to staff seen by Reuters.

"It is unavoidable to ramp down operations during the winter of 2020/21 even further and to put as many areas as possible in 'hibernation' from mid-December," he said.

Most of the group's administrative staff will be put on a government-sponsored reduced hours scheme, he added.

Lufthansa said this month said it will likely only offer up to 25% of the last year's capacity in the fourth quarter, as it reported a third-quarter operating loss of 1.26 billion euros.

(Reporting by Ilona Wissenbach; Writing by Ludwig Burger; Editing by Alison Williams)