Lufthansa is cancelling 25% of all flights due to Corona virus
Lufthansa has announced that it will reduce flights by up to 25 per cent over the coming weeks, due to the spread of the coronavirus.
Due to the “accelerated spread” of the virus, the company said it would be cutting many of its short and medium-haul flights by up to a quarter, and grounding 23 long-haul planes.
Lufthansa has been hit hard by the virus – which is putting off travelers.
On Wednesday, the company said it would be freezing new hires and told staff to use all unpaid leave to cut costs, and help cushion the impact of the coronavirus.
Last month the German airline also said it would continue to suspent all flights into China.
Lufthansa’s share price has plummeted by more than 20 percent on the Frankfurt stock exchange, as investors continue to panic over the virus.
According to the International Civil Aviation Organization, the virus outbreak could cost US$4-5 billion in lost airline revenue.
The virus has now infected more than 85,000 people in 56 countries. Over 2,800 people have died.