Lufthansa (LHA) Cuts 20,000 Flights to Save Fuel Amid Price Surge

Lufthansa (LHA) has announced it will be cutting 20,000 summer flights due to rising fuel prices. This decision aims to optimize their flight offerings across six hubs, specifically targeting routes deemed unprofitable. The price of jet fuel has surged as a direct result of geopolitical tensions, particularly the Iran War. By reducing flights, Lufthansa seeks to lower operational costs amid challenging market conditions.