Lufthansa To Cut 22,000 Jobs Amid The Pandemic

The coronavirus pandemic has significantly reduced demand for air travel, prompting Lufthansa to cut 16% of its workforce and operate 100 fewer planes. Half of the job cuts will occur in Germany. The airline grounded most of its fleet in March and has implemented shorter working hours for many employees. Lufthansa has agreed to a $10 billion bailout deal, granting the German government a 20% stake in the company. The deal awaits approval from shareholders and the European Commission.

What percentage of its workforce is Lufthansa planning to cut due to the pandemic?

• 10%

• 16%

• 20%

• 25%

How many fewer planes does Lufthansa plan to operate as a result of the pandemic?

• 50

• 75

• 100

• 150

When did Lufthansa ground almost all of its fleet?

• July

• May

• March

• January

What percentage stake in Lufthansa will the German government receive as part of the bailout deal?

• 10%

• 15%

• 25%

• 20%

Who needs to approve the bailout deal besides the airline's Supervisory Board?

• The European Central Bank

• The European Commission and existing shareholders

• The International Air Transport Association

• The German Parliament