German Airline Lufthansa Shrinks

German Airline Lufthansa Shrinks German airline company Lufthansa shrinks. Reported that due to the low demand caused by the new type of coronavirus (Covid-19) epidemic, more employees will be fired and more aircrafts will be out of service. In the statement made by the Lufthansa Group, it was stated that the flight density was less than expected during the summer season, and the reservation figures have decreased considerably in recent weeks. The company, shrinked due to the coronavirus epidemic, laid off 22 thousand employees in the first place. It was announced that this number will increase in line with the decisions taken in the restructuring program. The airline company, which announced that it will remove 150 aircraft from its fleet by 2025, said, `` The slight improvement seen in July and August has been replaced by a decrease in the number of passengers and reservations with the end of the summer season." Lufthansa, which previously put 6 Airbus A380 superjumbos out of service, will also pull 8 A380s and 10 A340-600s to the hangar. The company will re-commission the aircrafts if the market improves. 6 Airbus A340-600s in the fleet will also be permanently out of service. The company aims to reduce its monthly cash loss from €500 million to €400 million in the winter period of 2020-2021. The airline company Lufthansa, which was on the brink of bankruptcy due to the Covid-19 outbreak, was saved from bankruptcy thanks to the German government's 9 billion Euro rescue package.