News / Crisis costing Lufthansa €1m an hour – 'bitter decisions' ahead, warns CEO

Carsten Spohr

Lufthansa has revealed some “bitter decisions” it must make on its future, as the airline has receded some 65 years, in terms of flight plans, in less than 65 days.

“Our company has gone back in time, to where it started in 1955 – a decade after the Second World War and following a 10-year ban on flights,” chief executive Carsten Spohr told shareholders this morning at a virtual AGM.

“That is extremely bitter, devastating and painful.”

The group is currently losing about ...