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rdf:type	schema:NewsArticle
schema:articleBody	The chief executive of German airline giant Lufthansa warned Thursday that governments might need to save the industry from the coronavirus crisis, as "drastic cutbacks in flight operations" have grounded over 90 percent of its planes. Some 700 of Lufthansa's 763 aircraft are "temporarily parked" following massive reductions in its flight operations over the coming weeks "due to entry restrictions in many countries and a collapse in demand," the group said. "The longer this crisis lasts, the more likely it is that the future of aviation cannot be guaranteed without state aid," chief executive Carsten Spohr said in a statement. A "relief flight schedule" set to run until April 19 will see Lufthansa and its subsidiaries operate "a total of about five percent of the originally planned program," with Austrian Airlines suspending almost all flights until March 28 and Brussels Airlines between March 21 and April 19. Meanwhile the group's flagship airline will operate remaining long-haul flights from Frankfurt only, wiping out departures from second German hub Munich. Lufthansa planes will also carry out "around 140 special relief flights" for over 20,000 passengers, as governments in its carriers' home countries repatriate citizens stranded abroad after travel restrictions slammed down. And its cargo division's aircraft will remain airborne, continuing its regular flight plan apart from connections with mainland China. "The company is currently examining the possibility of using passenger aircraft without passengers... to further increase cargo capacity," Lufthansa said. Finance director Ulrik Svensson added that the group is "financially well equipped" to weather the corona storm, with 4.3 billion euros ($4.7 billion) of liquidity on hand. Lufthansa also has "unused credit lines" and "further funds are currently being raised," the group said. tgb/lc
schema:headline	Virus endangers 'future of aviation' without state aid: Lufthansa
schema:mentions	Lufthansa Mainland China Flagship Corona Virus Severe acute respiratory syndrome coronavirus 2 Flight plan Aviation Carsten Spohr Brussels Airlines Cutbacks Munich Airport Austrian Airlines Frankfurt Airport Market liquidity
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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