Lufthansa has warned that travel demand is unlikely to rebound to pre-Covid levels until 2024.
The airline said the collapse in demand saw its passenger numbers fall 96% between April and June, leading to an 80% decline in second-quarter revenue to €1.9 billion.
Chief Executive Carsten Spohr said: “We are experiencing a caesura (pause) in global air traffic. We do not expect demand to return to pre-crisis levels before 2024. Especially for long-haul routes there will be no quick recovery.
“We are convinced that the entire aviation industry must adapt to a new normal. The pandemic offers our industry a unique opportunity to recalibrate: to question the status quo and, instead of striving for ‘growth at any price’, to create value in a sustainable and responsible way.”
