Lufthansa Freezes Seating as Cost-Savings Halt Plane Orders

Deutsche Lufthansa AG, Europe’s second-biggest airline, said it will hold passenger capacity steady this year and won’t update its intercontinental fleet until a 1.5 billion-euro ($2 billion) savings plan is completed.

Seating will increase by a maximum of 4 percent annually in 2013 and 2014 as unprofitable routes are scrapped, Carsten Spohr, the head of Lufthansa’s main-brand passenger operations, said in a letter to employees.