Warning: file_exists(): File name is longer than the maximum allowed path length on this platform (260): C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br/wp-content/cache/supercache/www.forexbr.com.br/2020/03/06/the-wall-street-journal-lufthansa-ceo-says-airline-is-in-talks-with-german-government-and-eu-about-industry-concessions/meta-wp-cache-defb06d126fcf5f0d0dc5be939269cf6.php in C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br\wp-content\plugins\wp-super-cache\wp-cache-phase2.php on line 71 The Wall Street Journal: Lufthansa CEO says airline is in talks with German government and EU about industry concessions – Forex Brasil

The Wall Street Journal: Lufthansa CEO says airline is in talks with German government and EU about industry concessions

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In a separate, video message released Friday to staff, Chief Executive Carsten Spohr told employees that the situation has “dramatically worsened” since the airline’s last update a week before. The airline saw almost as many cancellations as new bookings on Thursday, he said.

“The impact on our booking situation is immense,” Spohr said. “After initially only affecting Asia, Italy and our home markets, the crisis has also reached our most important intercontinental market in the meantime, the U.S. The drama of this development becomes clear when you consider that in normal times we fly to the U.S. as often per day as we fly to China per week.”

The company is in talks with the German government and the EU about concessions for the industry to help reduce the burden from the virus on carriers, he said. The airline has also managed to “significantly increase our liquidity” from banks in the last few days, Spohr said.

An expanded version of this report appears at WSJ.com.

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