Lufthansa to discontinue Germanwings in sweeping restructuring

spike

FRANKFURT (Reuters) – Lufthansa (LHAG.DE) said it will close down its Germanwings low-cost airline as part of a broader overhaul which includes cutting capacity across the group, warning it could take years for the industry to recover from the coronavirus crisis.

FILE PHOTO: An Airbus A319 aircraft of German airline Germanwings is pictured at Cologne-Bonn airport, Dec. 30, 2019. REUTERS/Thilo Schmuelgen/File Photo

Global airlines said on Tuesday that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry’s representative body IATA said airline finances were so fragile they could not

Read More