Tentative signs of a European recovery have been undermined by new localised outbreaks and restrictions, while long-haul flights such as to the United States - which are important for Lufthansa - remain largely grounded due to rising infections.
The airline, which has already announced plans to cut 20% of its leadership positions and 1,000 administrative jobs, said it had run out of patience in talks with unions. That was 300 million euros lower than the average analyst forecast in a company-compiled consensus, boosted by a strong performance in its cargo business which gained from a shrinkage in global air freight capacity.
Lufthansa plans to cut capital expenditure to 1.3 billion euros this year and next, below the levels of Air France-KLM and IAG.
Como? Que Lufthansa tenga pérdidas por ese monto? Como gerentes son buenos limpiadores de chimeneas.....
Maybe they should make flying more pleasant and not just for the wealthy. Because FUCK flying.
This travel restriction has devastated the global economy! Tourism small businesses hotels restaurants bars airlines etc .. and it’s useless!
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