Lufthansa Slices Schedule in Half on Drastic Coronavirus Hit to Sales

Deutsche Lufthansa AG slashed capacity by as much as 50% in the most aggressive move yet by a major European airline to cope with the severe fall-off in travel triggered by the coronavirus.

The German airline group cited “drastic declines in bookings and numerous flight cancellations” in recent days, saying all of its traffic is now affected. The carrier’s board decided Friday to reduce capacity even more than it previously had planned, it said in a statement.