Comment on Germany's Lufthansa to slash more jobs as it loses €500 million a month

Germany's Lufthansa to slash more jobs as it loses €500 million a month

Lufthansa said Monday it will slash more jobs on top of 22,000 previously announced cuts, as well as put more planes out of service, because it is currently losing some €500 million a month. With demand set to be lower than expected through winter as the coronavirus pandemic continues to severely curtail travel, the airline said it now plans to reduce its fleet by 150 planes by 2025.

 

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