Lufthansa may retire Airbus A380, other jumbo jets in fleet overhaul, report says
There may be another nail in the coffin of the Airbus A380. That comes with the news that Lufthansa may retire its fleet of the superjumbo jets as part of its coronavirus pandemic-driven restructuring.
The Frankfurt-based Star Alliance carrier is considering retiring its all of its A380s and Boeing 747-400s, plus many of its Airbus A340s, according to Bloomberg, which cites unnamed people familiar with the restructuring proposal. The removals would be in addition to the company's previous plans to retire 100 aircraft across the Lufthansa Group airlines, including Austrian Airlines, Brussels Airlines, Eurowings, Lufthansa and SWISS.
As of the end of June, the group flew eight A380s, 43 A340s and 27 747s though the latter includes both 747-400s and 747-8s. However, many of these planes are already temporarily parked, including all of the A380s.
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The A380 is among the planes hardest hit by COVID-19. Designed for high-demand routes to busy airports, the jets have proved far too much plane for the historically low passenger numbers during the pandemic. Nearly every operator parked their jets early on with many evaluating the future of the superjumbo in their fleets long term.
Since the pandemic began, Air France has retired its A380s while the likes of British Airways and Qantas Airways have put their planes in long-term storage.
Lufthansa has already retired six A380s leaving it with just the eight it has in storage. It has also retired five 747-400s.
Related: Lufthansa grounds Germanwings subsidiary, retires some A380s and 747s
The International Air Transport Association (IATA), which represents airlines globally, does not expect air travel to return to pre-pandemic levels until 2024. Long-haul international flying where the A380 shone is expected to return slower than short-haul trips.
COVID-19 is not the only threat to the A380. The plane was already something of a white elephant for Airbus due to its size and lackluster sales. In February, the French planemaker decided to end production of the superjumbo following a final delivery to Emirates in 2021.
A Lufthansa spokesperson was not immediately available to comment on the report.
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Sometimes it's worth a large investment to reap the benefits of a great credit card. That's exactly the case with the Amex Platinum card. In exchange for the annual fee, you'll unlock access to the Amex Membership Rewards program that let you access airline and hotel transfer partners, along with new lifestyle and travel credits. This card is also incredibly rewarding for travel purchases, helping you rack up a ton of Membership Rewards points for your next award trip.Pros
- The current welcome offer on this card is quite lucrative. TPG values it at $1,600.
- This card comes with a long list of benefits, including access to Centurion Lounges, complimentary elite status with Hilton and Marriott, at least $500 in assorted annual statement credits and so much more. (Enrollment required for select benefits.)
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- The annual airline fee statement credit can be complicated to take advantage of compared to the broader travel credits offered by competing premium cards.
- Earn 80,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
- Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
- $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
- $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, The New York Times, and other participating providers. Enrollment required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
- American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only.
- $300 Equinox Credit: Get up to $300 back each year on an Equinox+ subscription, or any Equinox club memberships when you pay with your Platinum Card. Enrollment required. Learn more.
- $189 CLEAR® Credit: Breeze through security with CLEAR® Plus at 45+ airports nationwide and get up to $189 back per year on your membership (subject to auto-renewal) when you use your Card.
- $695 annual fee.
- Terms Apply.
- See Rates & Fees