Lufthansa to cut more jobs as Covid-19 pummels travel

Lufthansa said Monday it will slash more jobs on top of 22,000 previously announced cuts and put more planes out of service as the coronavirus continues to crush travel demand.

The German airline group said in a statement it was losing some 500 million euros ($590 million) a month, and bookings were declining after a brief rebound over the summer.

To cut costs, Lufthansa now plans to reduce its roughly 800-strong fleet by 150 planes by 2025, compared with an earlier plan to scrap 100 aircraft.

“The previously announced personnel surplus amounting to 22,000 full-time positions will increase as a result of the decisions taken,” it said.