Lufthansa in a dramatic situation: Airline tightens austerity - Munich could lose more planes

In view of the corona pandemic, Lufthansa has to tighten its austerity course further.

The remaining flight operations are to be concentrated in Frankfurt, Munich is likely to lose more aircraft.

• Corona

  has massively affected the airlines.

• The

  Lufthansa

  is struggling with the consequences of the pandemic.

• Because business does not get off the ground, the group now wants to

  save

  even more

  .

Munich -

has to cut costs further in view of the drastic drop in passenger numbers.

In winter flight operations 2021/21, the scope of flight operations could be reduced by 75 percent compared to the previous year, the number of passengers will probably be less than a fifth of the previous year, Lufthansa announced in a circular to its employees on Sunday.

"We must therefore intensify our previous efforts to bring costs down further," the letter says.

It was possible to reduce the outflow of funds from one million euros per hour at the beginning of the pandemic to "only" one million every two hours.

Nothing has changed in terms of drama.

It is therefore "essential to shut down business operations even further in winter 2020/21 and to put as many areas as possible into" winter mode "from mid-December".

We do everything for your health and safety - from booking to landing.

You can find all the important information about our hygiene measures in this video.

#WeCare pic.twitter.com/Ig0bGPUN6G

- Deutsche Lufthansa (@Lufthansa_DE) October 9, 2020

According to the plans, 125 aircraft are to be decommissioned again, which were intended for use in the winter flight schedule.

In addition, machines are apparently

to be relocated

from

to Frankfurt.

"We can no longer keep our original plan of reaching 50 percent of the capacity offered by the end of the year," they say.

Lufthansa: Airline also expects deep red figures in the fourth quarter

Lufthansa

had reported an operating loss of 4.1 billion euros in the first nine months.

"This deficit will increase significantly in the fourth quarter," it says.

A reliable statement about the development of the branch is more difficult than ever.

Nevertheless, the executive board is "determined to keep at least 100,000 of the 130,000 jobs in the

today".

At the end of September, the MDax group had liquid funds of 10.1 billion euros according to its own information.

This includes 6.3 billion from aid that

companies received from their home countries Germany, Austria, Switzerland and Belgium.

Including equity measures, nine billion euros were made available.

They are working “intensively on restructuring measures in all business areas in order to achieve short and medium-term cost savings and to minimize the operating cash outflow,” the group announced last Tuesday.

Lufthansa: Absent business customers are a particular problem for the airline

Lufthansa

traditionally depends heavily on business customers.

They often book the expensive seats in business or first class.

Because of the corona pandemic, bookings in this lucrative segment have largely come to a standstill.

This also pushes the feeder business from the smaller airports to the central hubs in Frankfurt and Munich.

Experts warn that some of the bookings could be lost even after the end of the corona pandemic.

Many business customers could also rely on video conferences instead of a business trip in the future