Lufthansa Paints Difficult Path Forward

Lufthansa, a German airline bailed out by the country’s government, announced that it would need to layoff more employees than previously announced 22,000 and lowers fourth-quarter YOY capacity expectation from 50% to 20% to 30% range. The airline will remove the remaining a380s and ten A340-600s from the service and places them in long-term storage. … Continue reading Lufthansa Paints Difficult Path Forward