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Lufthansa warns of 'no quick recovery' for long-haul

Air
Rob Gill
6 August 2020

Lufthansa Group hopes to reintroduce 95% of its short and mid-haul capacity by the end of 2020, but does not expect demand to return to pre-Covid levels until 2024.

Lufthansa Group plans to cut around 10% of winter flights due to the impact of the Omicron variant

The company said long-haul routes would take longer to recover with only 70% of pre-crisis capacity due to return by the end of 2020.

The German aviation group, which owns Lufthansa, Eurowings, Austrian Airlines and Swiss, recorded an 80% drop in passengers during the second quarter of this year as the pandemic struck.

This huge reduction in passenger numbers caused Lufthansa Group to slump to a loss of €1.7 billion before interest and tax “despite significant cost reductions” between April and June, compared with a profit of €754 million for the same period last year.