Coronavirus: Lufthansa to cut capacity equivalent to grounding 150 aircraft, says report

German airline Lufthansa is facing the heat as coronavirus impacts travel demand. As a response to the coronavirus outbreak, the airline has decided to cut its flight capacity by a fifth which is equal to grounding 150 aircraft from its fleet, Reuters reported on Wednesday.

Around a sixth of the capacity cut by the airline is for its long-haul flights. The airline had already announced on Friday that it will be cutting the flight capacity for its medium and short-haul flights by up to 25 per cent in the coming weeks according to the report.

With companies curbing business trips, and travel bans across the world, airlines are facing immense pressure to balance the costs.