Lufthansa to Reduce Flight Offerings as Virus Hits Travel

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(Bloomberg) -- Deutsche Lufthansa AG announced plans to significantly reduce flights across all its brands, citing the impact on travel from the coronavirus.

The German airline in the coming weeks will cut up to 25% of its short-haul flights and will increase the number of grounded aircraft for long-haul services to 23 from the current 13, the company said in a statement late on Friday.

Lufthansa said it currently could not estimate the impact of the slowdown on earnings.

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