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Lufthansa parks entire A380 fleet due to sharp decline in demand

March 08, 2020
2 min read
Lufthansa parks entire A380 fleet due to sharp decline in demand
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Lufthansa, Germany's flag carrier and Europe's largest legacy airline, has decided to temporarily ground its fleet of 14 Airbus A380s due to a sharp decline in bookings since the outbreak of the novel coronavirus.

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According to an internal memo, the airline is only seeing a load factor of about 35% on its largest aircraft, a grim number that illustrates just how severe the drop in demand for air travel has been.

The superjumbos will be parked at least through the end of May, and will remain at the airline's hubs in Frankfurt (FRA) and Munich (MUC). Lufthansa's A380s have a total capacity of over 500 seats in a four-class configuration: first, business, premium economy and economy. Before the outbreak worsened in Europe, the airline flew the jets to Los Angeles (LAX), Miami (MIA) and San Francisco (SFO) in the U.S.

The decision to ground the carrier's largest aircraft comes just after it announced that it would be reducing its capacity by as much as 50% due to the drastic decline in demand. It's also planning to implement cost-saving measures to help the airline weather the storm of bad news that the entire industry is facing at the moment.

Related: Coronavirus flight waivers and changes

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It's not just Lufthansa that's taking action to mitigate the fallout from the spread of the coronavirus. U.S. airlines have reduced and/or suspended service to areas that are centers of the disease's outbreak including mainland China, South Korea, Japan and Italy.

And yesterday, Cabo Verde Airlines became the first foreign carrier to suspend service to the U.S. as a result of the worsening outbreak of the coronavirus.

Featured image by (Photo by Zach Griff/The Points Guy)

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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
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  • Intro Offer
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    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
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Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023