UK markets closed

Deutsche Lufthansa AG: Lufthansa Group decides on extensive capacity adjustments

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


06-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Deutsche Lufthansa AG
Venloer Str. 151-153
50672 Cologne
Germany
Phone: +49 (0)69 696 28000
Fax: +49 (0)69 696 90990
E-mail: investor.relations@dlh.de
Internet: www.lufthansagroup.com/investor-relations
ISIN: DE0008232125, DE0008232125
WKN: 823212
Indices: DAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 991517


 
End of Announcement DGAP News Service


show this