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Lufthansa Bailout Deal in View After Airline Warns on Urgency

  • Stricken airline tells employees liquidity is vanishing
  • Executive board gives stark warning in employee letter
Grounded Deutsche Lufthansa AG aircraft at Munich Airport.

Grounded Deutsche Lufthansa AG aircraft at Munich Airport.

Photographer: Michaela Handrek-Rehle/Bloomberg
Updated on

Deutsche Lufthansa AG’s management said the need for a multibillion-euro coronavirus bailout was becoming urgent as talks with the government in Berlin headed toward a climax.

In a letter to employees, the airline warned cash reserves continued to shrink while it negotiates the 9 billion-euro ($9.9 billion) rescue package. Lufthansa’s board said it hoped the government would find the “political will” for a deal that would keep the carrier competitive against international airlines and meet with European Union approval.