Lufthansa bleeding €1 mil per hour, needs state aid, says CEO

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Airline had earlier announced it was closing down budget carrier Germanwings. FMTNews Lufthansa

FRANKFURT: Lufthansa is losing €1 million per hour as the coronavirus pandemic paralyses travel, CEO Carsten Spohr said, warning that the German airline giant would need state aid to survive.

Spohr said the Lufthansa group, which includes subsidiaries Eurowings, Swiss, Brussels and Austrian Airlines, was now carrying fewer than 3,000 passengers daily compared with a pre-pandemic average of around 350,000 a day. Spohr said bailout discussions had already started with governments in countries where its airlines were based.

 

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