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
-
Dialogue is key in the establishment of IPEC – Labour Minister
14 minutes -
FWSC consults Organised Labour on transition to IPEC
26 minutes -
Why Afrobeats artistes shouldn’t stick to what fans like – Rema
46 minutes -
Ghana Water Limited clarifies mandate over river turbidity data
49 minutes -
Oil climbs as fading US-Iran peace hopes raise supply risks
55 minutes -
Gold extends gains on easing rate-hike fears, markets await Fed minutes
1 hour -
Nvidia to provide up to $105 billion guarantee for OpenAI’s Ohio data center
1 hour -
Anthropic revenue run rate tops $65 billion, source says
1 hour -
Tesla prepares for Cybercab launch in August starting with rides to employees
2 hours -
Google to buy Spirit Airlines business data for $10 million
2 hours -
The goat is now a celebrity – how this graduation gift went viral
2 hours -
Jason Arday’s family ‘still coming to terms’ with his death as vigil held
2 hours -
Namibia, Ghana eye strategic bilateral cooperation in Volta Region
2 hours -
Jasikan midwives deliver baby at roadside
2 hours -
Police arrest 14 suspected narcotic plant farmers at Daliga
2 hours