Lufthansa Seeks Government Support Amid Coronavirus Hit
- German airline is in talks to avoid layoffs as demand drops
- Airlines hit as travel concerns escalate and oil prices plunge
The Deutsche Lufthansa AG logo sits on the tail fin of a passenger jet.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Deutsche Lufthansa AG fell with other airline stocks after saying it was looking into government support amid the “immense” fallout from the coronavirus, which could burden travel demand for months.
To avoid layoffs after slashing capacity by as much as 50%, the airline is examining the implementation of so-called short-time work, the company said in an emailed statement to Bloomberg on Sunday.