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Lufthansa announces huge job losses

Lufthansa announces huge job losses

11 June 2020 Airline News

German flag-carrier Lufthansa has said it will shed 22,000 jobs as it downsizes its operations in the wake of the Covid-19 outbreak. The airline has predicted a slow recovery in demand and expected to have about 100 fewer aircraft after the crisis.

Austrian Airlines secures €600m in bailout funds

Austrian Airlines secures €600m in bailout funds

9 June 2020 Airline News

Austrian Airlines has secured a €600 million rescue package from the national government and owner Lufthansa Group. The carrier said the financial assistance was designed to support efforts to sustainably safeguard Vienna as an aviation hub in the long term.