Lufthansa Reduces Winter Capacity Amid Surging Fuel Costs
The Lufthansa Group is cutting its planned passenger and cargo capacity for the upcoming winter schedule. This decision is a direct response to a significant and unforeseen increase in fuel costs. The airline now expects its annual fuel bill to be approximately €1.5 billion higher than previously forecasted. As a result, passenger capacity will be adjusted to 91% of pre-crisis levels, down from the original target of 95%. Additionally, Lufthansa Cargo will temporarily remove one Boeing 777F freighter from service to manage the financial pressure.
Official Source: https://aircargoweek.com/lufthansa-cuts-capacity-on-higher-fuel-costs/
Related Aviation News:
- Lufthansa to Cut Capacity, Ground Inefficient Aircraft to Tackle Higher Costs
- Lufthansa Group Accelerates Strategy Implementation
- Lufthansa accelerates cost cuts, closing subsidiary, as fuel prices surge
- Lufthansa to cut capacity as fuel costs surge amid Iran war
- Lufthansa cuts capacity amid rising cost of fuel, labour disputes