Lufthansa Predicts A Very Slow Recovery In Passenger Demand

One of the biggest German airline company Lufthansa is currently expecting a very slow demand recovery in the face of the resurgent COVID19 pandemic. The now hopes of the company is to reach roughly half of its precrisis capacity over the course of next year.

Krupa Trivedi

October 28, 2020

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German airline company Lufthansa is currently expecting a very slow demand recovery due to the resurgence of COVID-19 pandemic. Currently, the company is hoping to reach roughly half of its pre-crisis capacity in the coming year, said a board member to Reuters. Harry Hohmeister, who is responsible for the group’s Lufthansa, Austrian, Swiss and Brussels airlines said that the first-quarter capacity of the company is expected to be up to 25% of pre-crisis levels, which is unchanged from the current quarter.

Further, hoping that the pandemic can be tackled with vaccines and broad testing early next year, he said that there is a chance of recovery to 50% of the pre-crisis level in the next year, or maybe even to 60% with business trips coming back in autumn 2021. Also, it is a known fact that, like other major airlines, Lufthansa too implemented significant cuts to its schedules, fleets and staff in the wake of the pandemic.

ALSO READ: Lufthansa could reduce more planes, jobs

Besides this, after a three-week impasse between India and Germany which led to the suspension of flights between the two countries, the Government of India, a few days ago, announced the resumption of flight services. Sharing the news, the Ministry of Civil Aviation tweeted, “In continuance to the existing Air Bubble arrangement between India and Germany, the flight operations of @airindiain and @lufthansa between the two countries have recommenced. Please plan your travels accordingly (sic)”.

Also, according to a senior DGCA (Directorate General of Civil Aviation) official, both Lufthansa and Air India have agreed to run 10 flights each per week. With this, it has been decided that the German carrier will fly 10 flights — four to and from Delhi, three to and from Mumbai and three others to and from Bengaluru. Moreover, out of Air India’s seven flights a week, five will be to and from Delhi and two to and from Bengaluru. It has been also said that the current schedule of the flights will continue until March 28, 2021.

ALSO READ: Lufthansa struggles despite receiving govt aid: Plans to operate at only 20% to 30% capacity

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