Russian air space closure means millions in extra costs -Lufthansa CEO

Lufthansa CEO Carsten Spohr takes half in a panel dialogue on the Worldwide Air Transport Affiliation’s (IATA) Annual Normal Assembly in Boston, Massachusetts, U.S., October 4, 2021. REUTERS/Brian Snyder

BERLIN, March 3 (Reuters) – Lufthansa (LHAG.DE) Chief Government Carsten Spohr mentioned routing flights to keep away from Russian air house will improve prices for the German flagship service by a single-digit million-euro quantity per thirty days.

“Some long-haul planes are actually as much as 15 hours within the air to succeed in international locations like China, Japan, South Korea,” mentioned Spohr throughout a name with journalists on Thursday.

He mentioned larger gas prices can be partly offset by ceased royalties to Russia for overflights and that some passenger flights to Asia have been value working as a consequence of cargo capability.

Passenger flights in Asia made up lower than 2% of obtainable seat kilometers as a consequence of ongoing journey restrictions in China and different Asian international locations, a steep drop from the 20% they made up earlier than the coronavirus pandemic hit the business, Spohr mentioned, who described the impression as small.

Reporting by Ilona Wissenbach
Writing by Miranda Murray
Modifying by Madeline Chambers

: The Thomson Reuters Trust Principles.