Lufthansa accelerates cost cuts, closing subsidiary, as fuel prices surge

Lufthansa said Thursday that it was accelerating savings plans by closing a regional subsidiary as the German aviation giant struggles with surging fuel costs due to the Iran war and a wave of labour strikes. The group also said it would reduce capacity on long- and short-haul routes after the US-Israeli conflict against Iran sent […] The post Lufthansa accelerates cost cuts, closing subsidiary, as fuel prices surge appeared first on Digital Journal.