Dhe Lufthansa is exploring the chance of government support because of the immense consequences of the corona virus. “We are talking to the governments of the home markets about possible state aid,” said a company spokesman on Friday. In addition to the German government, talks are underway with the governments of Austria, Belgium and Switzerland, in which the group is represented with its subsidiaries Austrian, Brussels and Swiss.
In addition, Lufthansa boss Carsten Spohr apparently takes part in a round with Chancellor Angela Merkel (CDU), which should deal with the new corona virus and its consequences, for example for the economy. The Lufthansa Group canceled a large part of the flight offer for the coming weeks due to the immense drop in demand and entry bans.
According to a report by the “Handelsblatt”, the Lufthansa Board of Management is currently even going through scenarios of largely stopping flight operations for a while. But nothing has been decided yet. “The situation is extremely dynamic at the moment,” the newspaper quotes a source from the company’s environment. The group spokesman did not want to comment on this presentation.
Lufthansa share prices rose significantly at the end of the week. The shares in the largest German airline increased in the course of trade by up to 20 percent. The German stock market also stabilized somewhat after the dramatic price losses in the past few days. The Dax tended to be more than 6 percent firmer during the day.