German airline group, Lufthansa said it will ground 150 of its more than 750 planes worldwide due to spread of Covid-19.
“Depending on the further development of demand, capacity is to be reduced by up to 50 per cent in the coming weeks. These capacity adjustments apply to all passenger airlines in the Lufthansa Group” said the group in a statement.
In addition, the extent to which the entire Airbus A380 fleet (14 aircraft) can be temporarily taken out of service in Frankfurt and Munich is currently being examined.
“This measure is designed to reduce the financial consequences of the slump in demand” Group added.