Audio By Carbonatix
Lufthansa is grounding planes and canceling flights as the coronavirus outbreak spreads in Europe.
The German airline said Thursday it has canceled 7,100 European flights for March, mostly within Germany or on routes to Italy, accounting for about 25% of its total capacity.
Investors have punished airlines stocks in recent weeks. United Airlines stock is down 32% so far this year, for example, and shares in Germany's Lufthansa are down 29% over the same period.
Earlier this week, Lufthansa said it would ground 150 of its 770 aircraft.
"Guests who have submitted their contact details to Lufthansa will be proactively informed of the cancellations," the company said in a statement.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
President Mahama directs Finance Ministry to disburse $78m for completion of Takoradi–Agona-Nkwanta road
15 minutes -
Interior Minister lauds NIA staff for dedication, pledges continued government support
18 minutes -
First Atlantic Bank will run a “proper and decent business” to protect shareholder value – CEO
49 minutes -
First Atlantic Bank targets African expansion as IPO strengthens capital, governance
57 minutes -
First Atlantic Bank CEO attributes IPO and GSE listing decision to renewed confidence in Ghana’s economy
1 hour -
GPL 2025/26: Bechem United end All Blacks 6-game unbeaten run
1 hour -
Eggs fly off shelves as shoppers throng The Multimedia Group’s X’mas Egg Market on final day
2 hours -
Bankable energy: Why Africa’s downstream sector is the next global investment frontier
2 hours -
Working Capital Management: Do’s and don’ts to consider for 2026
3 hours -
Gold Fields Ghana Foundation empowers youth through education and skills training
3 hours -
Gov’t hid study showing lithium refining can’t be done in Ghana- Bright Simons
3 hours -
Salah apologised to Liverpool team-mates after explosive interview – Jones
3 hours -
Enimil Ashon: Malawi president flies to UK for virtual meeting!
4 hours -
CSOs commend gov’t for revoking L.I. 2462, call for stronger forest protection measures
4 hours -
ECG activates standby teams to manage festive-season electricity load in Ashanti region
4 hours