Lufthansa Takes Drastic Restructuring Steps, Warns Demand May Not Return For Years
April 8, 2020
Lufthansa, Germany’s largest airline, said it will shut down its Germanwings budget airline and decommission more than 40 aircraft in response to dwindling demand amid the coronavirus crisis.
The flag carrier also said it will reduce fleets at its other units, including Austrian Airlines, Swiss International Airlines and Eurowings.