Lufthansa says aviation won't recover for years [CNNMoney.com]
Boeing Company (The) (BA)
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Source: CNNMoney.com
Lufthansa shuts low-cost airline and says aviation won't recover for years London (CNN Business) Lufthansa, one of Europe's biggest airline groups, is permanently reducing the size of its fleet and shuttering one of its low-cost carriers, as it warns that the aviation sector will take years to recover from the coronavirus pandemic . The airline group , which owns national carriers in Germany , Switzerland, Austria and Belgium, said in a statement Tuesday that it will permanently decommission at least 43 aircraft, about 6% of its fleet, and ground its budget airline Germanwings. Boeing is temporarily halting all commercial airplane production in the US because of coronavirus Lufthansa' ( DLAKY ) s assessment is that "it will take months until the global travel restrictions are completely lifted and years until the worldwide demand for air travel returns to pre-crisis levels." Based on this, it has decided on "extensive measures to reduce the capacity of fli
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website