August 6, 2020

Lufthansa warns of forced layoffs on virus turbulences

Frankfurt am Main (AFP) – German airline giant Lufthansa said Thursday that demand for air travel will return to pre-crisis levels only in 2024 or even later as it announced forced layoffs on the back of a significant loss. Net loss hit 1.5 billion euros ($1.7 billion) in the second quarter as the coronavirus pandemic slammed the brakes on travel. The airline carried around 1.7 million travellers during the three months to the end of June — a 96 percent drop from the same period last year as lockdowns to slow the spread of the coronavirus curtailed air travel worldwide.The results are “the wo…


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