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Lufthansa: Traffic will not return to normal until the middle of the decade – Taloussanomat

Lufthansa expects flight demand to pick up next summer as coroner vaccinations begin to take effect and travel restrictions begin to ease.

German airline Lufthansa predicts that 90 percent of the company’s capacity will not be in use until the middle of the decade. This year, only 40-50% of capacity is in use compared to pre-Corona levels.

Last year, Lufthansa, like other airlines, made heavy losses. The loss amounted to EUR 6.7 billion.

– Last year was the most challenging in the history of our company for customers, employees and shareholders, says Lufthansa’s CEO Carsten Spohr.

In June, the German government recapitalized Europe’s largest airline with nine billion euros. In return, the German state received a quarter of Lufthansa’s shares.

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Lufthansa expects flight demand to pick up next summer as coroner vaccinations begin to take effect and travel restrictions begin to ease.

The Finnish airline Finnair has estimated that the number of passengers in 2019 will be reached in 2023. It also estimates that flying will slowly recover during the summer.

  • Read more: Finnair’s CEO explains how flying continues after the corona – ticket prices may even fall



Source site www.is.fi

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