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At Lufthansa it’s low High pressure around State aid negotiated Lufthansa CEO announced Friday Carsten Spohr it has even sharper cuts due to the dire economic consequences of the crown crisis. So until the end of Crisis the Fleet of the last 760 aircraft reduced by 100 aircraft. This results in a workforce that is 10,000 employees smaller.
It does not expect the aviation group’s situation to normalize before 2023. A Lufthansa spokesperson explained how the Lufthansa separate from the employees, it still had to be negotiated with the unions. For him Crisis the load on the plane will decrease by ten percent and the revenue accordingly.
In addition, the airline group, which only has a financial package of almost ten billion euros Germany, Austriathe Switzerland and Belgium negotiated, you have to spend over a billion euros a year to repay the loans.
Share accidents
The AUA mother’s stock plunged massively on Friday. “At the moment he says State aid or at the end, “experts at brokerage firm Bernstein said. Lufthansa shares fell 8.4 percent and, at € 7.15, sometimes cost less than since the Sars pandemic 17 years ago.
State aid
According to experts, the airline is preparing applications for a state Help package in a volume of up to 10 billion euros. It is not yet known how much of this will be attributed to equity and how much will be attributed to loans. Early next week, experts say, they wanted a package ready. On Friday afternoon there was talk of an imminent breakthrough on German industry platforms, but this has not been confirmed.
Discussions about state support are also underway at the subsidiary airlines. Swiss at Switzerland, Brussels Airlines in Belgium and in the AUA (Austrian Airlines) in Austria
