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
-
Mobile tech to add $290bn to Africa’s economy by 2030, GSMA says
4 hours -
South Africa’s Ramaphosa warns against scapegoating migrants for economic woes
4 hours -
Oil prices fall 5% to 3-month low on hopes Strait of Hormuz will open
4 hours -
Prince George to attend Eton College from September
4 hours -
Cadbury chocolate-owner Mondelez defends staying in Russia
4 hours -
‘We fear for our lives’ – deadline for migrants to leave South Africa looms
4 hours -
Hungary’s MPs block return of Orbán, limiting rule of PM to eight years
5 hours -
Hundreds of cats stolen for food in Vietnam rescued by police, welfare group says
5 hours -
Brazil convicts Jair Bolsonaro’s son of pursuing US help in father’s legal battle
5 hours -
Musk’s SpaceX overtakes Amazon to become world’s fifth most valuable firm
5 hours -
2026 World Cup: What would Ghana lose without Thomas Partey against Panama?
5 hours -
German broadcaster removes TV intro after Elon Musk takes legal action
5 hours -
Haaland scored twice on World Cup debut as Norway beat Iraq
5 hours -
Spurs agree £52m Van Hecke deal with Brighton
6 hours -
World Cup: The VAR call that dumbfounded the world’s best referees
6 hours