Lufthansa Steps Up Measures to Cut Costs

(Bloomberg) — Deutsche Lufthansa AG warned that compulsory dismissals are likely in Germany amid slow progress in talks with unions, stiffening its tone as the carrier braces for years of reduced demand.Europe’s biggest airline posted an adjusted operating loss of 1.7 billion euros ($2 billion) in the second quarter, wrapping up a dismal set of results for European carriers after the coronavirus grounded virtually all passenger flights.Lufthansa has set a goal of slashing headcount by about 22,000 as it trims its fleet by at least 100 planes to clamp down on expenses and pay back some 9 billion euros in …read more

Source:: Yahoo Finance