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Company News

Lufthansa takes 1.1 bln euro impairment as it further shrinks fleet

BERLIN, Sept 21 (Reuters) - Lufthansa said on Monday it was shrinking its fleet further as a result of the coronavirus pandemic, forcing it to take a 1.1 billion euro ($1.3 billion) impairment on the value of its aircraft in the third quarter.

A decision to take further aircraft out of its fleet meant its personnel surplus was now more than the 22,000 full-time position it had previously annouced, it added.

$1 = 0.8502 euros Reporting by Maria Sheahan, editing by Thomas Escritt

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