Lufthansa to Shut CityLine Unit
The German carrier group said the shutdown was unavoidable due to the 'unprecedented' energy crisis triggered by the war in Iran.
By grounding inefficient aircraft and cutting capacity, Lufthansa hopes to protect its core operations from further financial losses.
The move has been met with fierce opposition from unions, who have warned of a 'bloodbath' of job cuts across the industry.
Other European airlines are also considering similar measures as they face a looming jet fuel shortage and a sharp decline in consumer confidence.
Lufthansa CityLine
German regional airline
German regional airline
Germany
Country in Central Europe
Country in Central Europe
Iran
Country in Western Asia
Country in Western Asia
Fatih Birol
Turkish economist and energy expert
Turkish economist and energy expert