Lufthansa Airlines, owned by a German company that also owns other European airlines, announced on Tuesday that it would cut 20,000 short-haul flights by October due to rising oil prices and concerns over jet fuel shortages in some countries caused by the Iran war. The Lufthansa Group stated that canceling flights operating on low-profit routes would save approximately 40,000 metric tons of jet fuel.
The company had shut down its regional subsidiary 'CityLine' last week to reduce costs. It mentioned that it has systematically integrated several hubs, including Lufthansa Airlines, Austrian Airlines, Brussels Airlines, Swiss, and ITA Airways, as well as centers located in Brussels, Rome, Vienna, and Zurich. Since the end of February, when the U.S.
And Israel attacked Iran, jet fuel prices have more than doubled in some markets. Passengers are already feeling the impact, which is evident in the reduced flight options on certain routes and the rising fees and fares during the summer season, while many airlines are increasing baggage check fees or adding fuel surcharges. The ongoing fighting around the Strait of Hormuz due to the Iran war has disrupted fuel prices and supply worldwide.
Lufthansa stated that it has secured sufficient jet fuel for the coming weeks and is working on various measures to stabilize its fuel supply during the summer, including the physical purchase of jet fuel. Lufthansa is not the only airline reducing operations.
Publish with Us: Wish to feature your personal or organizational milestones, success stories, or press releases in Loktej English? Contact us, and we will guide you through our publication process.
Feedback & Corrections: We strive for accuracy. If you spot an error, have feedback, or object to the content of this article/press release, please notify us at loktejonline [at] gmail [dot] com. We will review the matter and rectify it at the earliest.
