Lufthansa has announced a major reduction in its summer schedule, which includes the cancellation of 20000 short-distance flights because the airline needs to manage its increasing operational expenses, which include rising fuel costs.
The German carrier explained its decision because fuel prices for jet fuel had more than doubled while the airline faced ongoing conflicts with its employees.
The airline cut back its services because it needed to shut down unprofitable CityLine operations, and it had to retire 27 planes from its operational fleet.
The aviation industry suffers financial problems because global oil supplies are restricted, which results from the Gulf of Hormuz blockades, leading to higher operational expenses that affect all companies within the industry.
The situation has already begun to create financial difficulties for travelers who must pay higher fare amounts. Ryanair CEO Michael O’Leary warned Sky News that fuel supplies could experience disruption from May if the Strait of Hormuz situation continues, because fuel availability is his main concern.
The head of the International Energy Agency told the Associated Press that Europe has only six weeks of jet fuel supply remaining. Lufthansa calculated that its intended flight reductions would result in 40000 tonnes of fuel savings until October because the reductions represent only 1 percent of its total available seat kilometers.
The airline confirmed that it would reorganize its European operations by terminating unprofitable flights from Frankfurt and Munich while increasing services to Zurich, Brussels, and Vienna.
Lufthansa assured its customers that they would continue to receive access to the airline’s entire network and its international flight routes to distant destinations.
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