October 26, 2020
06:45
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Luthansa and its subsidiaries – including Brussels Airlines – will make additional savings and will hibernate an additional 125 aircraft from December.
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The German airline Lufthansa calls for additional cost savings and a further reduction of the fleet. “We cannot ignore it,” the management announced in a letter to the staff on Sunday.
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The airlines within the group – including Brussels Airlines – will only offer a quarter of the services in winter 2020/21 compared to last year, because the passenger numbers are lower than last year, the letter said.
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The management says it is determined to ‘keep at least 100,000 of the company’s 130,000 employees on board’.
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To what extent Brussels Airlines has been affected by the new action plan is still unclear.
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Over the past two quarters, Lufthansa has posted a cumulative net loss of nearly EUR 3 billion.
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Earlier this year, Carsten Spohr, Lufthansa’s CEO, said he does not expect a recovery in the industry any time soon. “It will be back on the precorona pill in 2024 at the earliest,” it said in August.
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