Lufthansa grounds aircraft due to kerosene prices, labour unrest [Yahoo! Finance]
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Source: Yahoo! Finance
Hannes P. Albert/dpa Lufthansa is grounding its first aircraft in response to high kerosene prices and ongoing labour disputes, the company said on Thursday, a day after celebrating the German flagship carrier's 100th anniversary. In a first step starting on Saturday, the company will permanently remove 27 of its smaller regional jets known as CRJ operated by Lufthansa subsidiary CityLine in order to reduce further losses at the loss-making airline, according to a statement. These planes are at the end of their operational capabilities and are comparatively more expensive to operate. In a second phase starting at the end of October, six long-haul jets from Lufthansa's core brand are to follow, namely four Airbus A340-600s and two Boeing 747-400 jumbo jets. The final farewell to this aircraft type is planned for next year. In addition, Lufthansa plans to remove around five medium-haul aircraft from its fleet. The company cited soaring kerosene prices and the costs from ongo
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