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Lufthansa grounds Airbus fleet, will cut jobs

Christian Fernsby ▼ | September 21, 2020
The Executive Board of Deutsche Lufthansa approved the third package within the ReNew restructuring program.
Lufthansa
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The capacity outlook for the passenger airlines will be significantly revised; the previous assumption that an average production level of 50 percent of the previous year's value would be reached in the fourth quarter of the year no longer seems realistic. If the current trend continues, the available seat kilometres will probably only be in a range between 20 and 30 percent, compared to the previous year.

Topics: Lufthansa

The medium term fleet planning will be adjusted and currently foresees a permanent, group capacity reduction of 150 aircraft by the middle of this decade (starting point is the Group fleet including wet-leased aircraft).

In addition to the fleet changes already communicated, the following decisions have been made: After six Airbus A380s were finally taken out of service in the spring, the remaining eight A380s and ten A340-600s, which were previously intended for flight service, will be transferred to long-term storage and removed from planning. These aircraft will only be reactivated in the event of an unexpectedly rapid market recovery. In addition, the remaining seven Airbus A340-600s will be permanently decommissioned.

The fleet decisions mentioned above will result in a further impairment of up to EUR 1.1 billion. The amount is expected to be accounted for in the third quarter of the current year.

The change in permanent staffing levels within flight operations will be further adjusted in regards to market development. The compensation and reduction of personnel surplus will be discussed with the responsible employee representatives.


 

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