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Lufthansa CANCELS 20,000 Flights to Cut Jet Fuel Costs
Deutsche Lufthansa AG is cutting 20,000 short-haul flights in a cost-saving move aimed at reducing jet fuel consumption, saving around 40,000 tons and impacting about 1% of seat capacity. The airline is also targeting higher profitability through a broader restructuring plan that includes cutting 4,000 administrative jobs by 2030.
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Just hours after Spirit Airlines collapsed, its rivals unveiled their new flight plans. The quick move shows how carriers are vying for Spirit’s valuable assets, like airport gates and a customer base that has one less choice when booking. That could drive up airfare even more than it already has risen after the fuel-driven hikes this year, analysts said. #plane #tickets #spirit #flight #booking
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