{"id":366575,"date":"2020-08-07T10:14:01","date_gmt":"2020-08-07T04:44:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=366575"},"modified":"2020-08-07T10:55:43","modified_gmt":"2020-08-07T05:25:43","slug":"covid-19-loss-making-lufthansa-forecasts-no-air-travel-take-off-until-2024","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-loss-making-lufthansa-forecasts-no-air-travel-take-off-until-2024\/","title":{"rendered":"Covid-19: Loss-making Lufthansa forecasts no air travel take-off until 2024"},"content":{"rendered":"<p>BERLIN (Reuters) &#8211; Lufthansa does not expect air travel demand to return to pre-coronavirus crisis levels until at least 2024, as the German airline posted a 1.7 billion euro quarterly operating loss. <\/p>\n<p>The collapse in demand for air travel due to the COVID-19 pandemic meant the airline carried 96% fewer passengers between April and June than a year earlier, leading to an 80% decline in second-quarter revenue to 1.9 billion euros ($2.25 billion). <\/p>\n<p>Tentative signs of a European recovery now appear threatened by new localised outbreaks and restrictions, while long-haul flights such as to the United States &#8211; which are important for Lufthansa &#8211; remain largely grounded due to rising infections. <\/p>\n<p>&#8220;We do not expect demand to return to pre-crisis levels before 2024,&#8221; Chief Executive Carsten Spohr said on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN (Reuters) &#8211; Lufthansa does not expect air travel demand to return to pre-coronavirus crisis levels until at least 2024, as the German airline posted a 1.7 billion euro quarterly operating loss. The collapse in demand for air travel due to the COVID-19 pandemic meant the airline carried 96% fewer passengers between April and June than a year earlier, leading to an 80% decline in second-quarter revenue to 1.9 billion euros ($2.25 billion). Tentative signs of a European recovery now appear threatened by new localised outbreaks and restrictions, while long-haul flights such as to the United States &#8211; which are [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-366575","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=366575"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/366575\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=366575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=366575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=366575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}