Lufthansa, Heathrow Airport See Delayed Rebound as Virus Flares
This content was published on April 29, 2021 - 07:39
April 29, 2021 - 07:39
(Bloomberg) -- Deutsche Lufthansa AG reined in capacity plans and London’s Heathrow airport lowered passenger forecasts as new waves of coronavirus infections dent prospects for a travel rebound by the start of summer.
Lufthansa now expects to offer only 40% of its pre-pandemic capacity for 2021 as a whole, according to a statement Thursday, a figure that’s below the level it has said is needed to generate positive cash flow. Heathrow cut its outlook to as few as 13 million passengers, less than the number it attracted last year.