Lufthansa Group has today revealed what’s on the agenda for the company’s (virtual) Annual General Meeting, taking place on May 5, 2020. Specifically, they’ve shared the remarks that will be made by Lufthansa Group CEO Carsten Spohr.
Continue reading: Lufthansa Plans To Reduce Fleet Size By 100 Aircraft
Share your questions, experiences, and thoughts below.
If I were a high ranking LH management and got this directive, I would put the A380 on the chopping block. I would put the 747-400 on the chopping block, too. The 747-8i, I would try to save.
I would also try to defer those A320neo and 777-9 for years, making them effectively a cancellation.
Sorry to see LH shrink.
Lufthansa was staffed pretty inefficiently before the crisis. They are now hoping to take advantage of the situation and finally make unnecessary positions redundant without looking too bad themselves.
Another point is the massive over-capacity in the European market even before the crisis. Airlines like Norwegian with unsustainable rock-bottom fares have pushed too much capacity into the market financed by the irresponsible fiscal politics of the European Central Bank.
They have essentially created new, low-quality budget travel demand that is not healthy for the environment, not beneficial for the tourism destination countries as these travelers are cheapskates, and not sustainable long-term as these people are now loosing their jobs and little savings so they stop traveling.
This company will have room to deal with aircraft deferments as they are taking out bankruptcy correct? I say LH should move to an all Airbus fleet minus the expensive to operate A380 and A340 aircraft. The order for all additional Boeing planes should be put off. The 747's could be sold, including the 748 and convert those into cargo planes for the airline. Crazy times indeed.
Stop the hysteria/ 100% fake news. You really believe people will stop traveling??? Never. When other airlines start flying Germans wherever they wish...just watch, LH will pop right back, act like nothing happened, start loading flights etc...
Dont fall for it folks...2023??? give me a break, laughable.
"Lufthansa may lay off 10,000 employees"
Here's to hoping it includes all of the ones responsible for work stoppages the last few years.
I am not terribly surprised - in fact, I wouldnt be surprised if we saw more airlines drastically downsize or restructure their fleets. Certainly US airlines are moving aircraft retirement forward.
I do think air travel will come back before 2023, though. We might have different rules we need to abide by as travelers, but fundamentally people will still want to travel.
Interesting fact.... Lufthansa A340-600 is the only commercial aircraft with lavatory for economy class installed in cargo hold 🙂
@Tomislav: yes - I think it's a really nice design idea. My last flight before everything closed was on that plane. No one is sitting next to a lav, no disturbance from light/sound/smell, no need to guess which way to go for shorter wait times, and the lavs themselves have more space.
Do you feel safe to go visit Italy, Spain or France this year? I would think people will be less likely to travel for leisure this year and possibly half of next year.