Lufthansa looks beyond 2024 for recovery in air travel
London CNN Business — Demand for air travel will not fully recover until 2024 “at the earliest,” Lufthansa said on Thursday as it unveiled a record quarterly loss and warned that layoffs in its home market, Germany, can no longer be ruled out. The Lufthansa Group posted an operating loss of €1.7 billion in the second quarter, as passenger numbers collapsed 96% to 1.7 million compared with the same period last year. “The market environment will remain challenging for years to come,” the company said, noting that its airlines carried two-thirds fewer passengers in the first half of this year compared to the same period last year. Demand is “gradually starting to recover” for short-haul destinations and among tourists, Lufthansa said, adding that it expects to offer around 40% of last year’s capacity by the end of October.
700 passengers stranded at Delhi's IGI airport after Lufthansa cancels flights
Discover Related
Most flights cancelled at major European airport amid two-day strike
Air India expands codeshare partnership with Lufthansa Group
Airline operator directed to pay elderly couple for deficiency of service
Boeing’s aircraft deliveries and orders in 2024 reflect the company’s rough year
Dutch tourists among many stranded in Namibia; Passengers blame Lufthansa subsidiary
Passengers forced to pay thousands after flights cancelled during off-grid trek
Severe Turbulence Strikes Lufthansa Flight En Route Frankfurt, 11 Injured
Mid-air crisis: Lufthansa flight en route Frankfurt faces turbulence, 11 wounded
Lufthansa flight to Frankfurt hit by severe turbulence, 11 injured
Severe turbulence injures 11 on Lufthansa flight to Frankfurt: Five passengers among wounded on packed Boeing jet
European airlines hit by delivery delays are forced to cancel flights
Lufthansa hoping to increase China capacity
Nearly Dozen Airlines Refund Rs 564 Lakh to 4.76 Lakh Passengers in July 2024
Pete Buttigieg speaks on the ongoing impact of the Crowdstrike outage on airlines
Summer holiday flights at risk as Boeing crisis leads to aircraft shortage
Lufthansa stops using Iran airspace, keeps halt on Tehran flights
Warning as hundreds of flights cancelled in Germany
Lufthansa Airlines strike today: 100,000 passengers to be affected | Details