DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa Group decides on extensive capacity adjustments
DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Development of Sales
Deutsche Lufthansa AG: Lufthansa Group decides on extensive capacity adjustments
06-March-2020 / 16:13 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
In recent days, the Lufthansa Group has been exposed to drastic declines in bookings and numerous flight cancellations due to the spread of the COVID-19 virus. All traffic areas are now affected.
The Executive Board of Deutsche Lufthansa AG therefore decided today to reduce the flight capacity offered even more than previously planned. Based on further demand development, capacity will be reduced by up to 50% in the coming weeks.
This measure is intended to reduce the financial consequences of the slump in demand. It complements the planned savings measures in personnel, material costs and project budgets as well as other liquidity measures.
Responsible person: Dennis Weber, Head of Investor Relations, Phone +49 69 696 28000
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991517 06-March-2020 CET/CEST