Lufthansa eyes extra job cuts, as month-to-month losses prime €500 mln

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Germany’s flag service Lufthansa mentioned Monday it should reduce extra jobs and put extra planes out of service as present losses stand at some €500 million as a result of coronavirus disaster.

The airline additionally mentioned it plans to scale back its fleet by 150 planes by 2025. Previously, it introduced 22,000 job cuts.

In June, Lufthansa agreed to a €9 billion bailout plan from Berlin, which additionally contains the German authorities taking a 20% stake within the airline group, making it its greatest shareholder.

The group didn’t give a determine for additional job cuts, however mentioned it might interact in talks with labour representatives to “limit the number of necessary redundancies”.

“The continuing high level of uncertainty in global air traffic makes short-term adjustments to the current market situation unavoidable for the foreseeable future”, Lufthansa mentioned.

Germany can be planning new rules from October, requiring travellers arriving from danger zones to enter quarantine for at the very least 5 days earlier than taking a check.