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Old 21st Sep 2020, 14:03
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Lufthansa plans to increases number of grounded planes and job cuts

https://www.focus.de/finanzen/boerse..._12456237.html

The existing operational plan envisaged grounding 100 planes, but that figure is being increased to 150 ( of 760 total ) including all A 380 as well as ( some/all ? ) A 340-600. This is based on only being able to fly 20%-30% of flights against the 50% originally forecast by year-end. Losses are running at € 500 Mn per month and it is planned to reduce this to € 400 Mn by year-end. Bankruptcy for the highly-indebted company has only been able to be averted by aid totalling € 9 Bn ( Mrd in German/French ) from the four states involved .

There were 138 000 permanent employees at the beginning of the year ( 10 000 already left the company ) and original planning foresaw a reduction of 22 000, however this figure will now be increased although the report does not specify by how many.

Last edited by Tartiflette Fan; 21st Sep 2020 at 17:43.
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