Lufthansa Abandons Offices, Parks Planes to Cut Costs in Winter
- Letter to staff details operating cuts flying at 25% strength
- Airline’s shares fall, as do Frankfurt hub operator Fraport’s
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Deutsche Lufthansa AG told staff that winter schedule cutbacks announced last week will cause it to bench an additional 125 aircraft and temporarily close large parts of its administrative operations.
The reduction will cut the carrier’s active fleet back to the level it operated in the 1970s, with the impact filtering through its operations, it said in a letter to employees seen by Bloomberg. Lufthansa had previously intended to use the planes in an already reduced schedule for the coming months, it said in the letter.