Lufthansa grounds Germanwings and reduces fleet size

Lufthansa grounds Germanwings and reduces fleet size

Lufthansa has announced that it will take “years” for air travel to reach pre-corona levels. The airline said new changes will affect “almost all” flight operations.
Lufthansa, one of Europe’s biggest airline groups, is permanently reducing the size of its fleet and shuttering one of its low-cost carriers.
German airline Lufthansa announced on Tuesday that it would stop operating its regional budget subsidiary Germanwings and at the same time reduce operations across the board due to the corona virus. Low passenger numbers due to travel restrictions have hit airlines hard, and Lufthansa said on Tuesday that it doesn’t expect the aviation industry to quickly return to pre-coronavirus levels.

“It will take months until the global travel restrictions are completely lifted and years until the worldwide demand for air travel returns to pre-crisis levels,” Lufthansa’s executive board said in a statement.

“Germanwings flight operations will be discontinued,” said Lufthansa, adding that a number of aircraft will also be decommissioned. Around 700 of Lufthansa’s 763 aircraft are currently on the ground and are currently flying around 5% of its flight schedule before the coronavirus crisis.

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