Airlines are currently trying to reduce ticket prices to the maximum, in order to gain a market share as the number of travelers in the world falls to record levels.
That competition led to the announcement by many airlines of the prices of tickets less than 10 euros, amounting to 11.25 dollars, which angered major international airlines.
Lufthansa chief executive Carsten Spohr said low-cost tickets valued at less than 10 euros ($ 11.25) were damaging to the reputation of the airline industry.
Spur confirmed in an interview with the Swiss newspaper “Neue Tsurisher Zeitung”, reported by Bloomberg News, that selling a ticket worth 9.99 euros is not responsible economically and environmentally.
He added that the largest airline in Europe will seek to obtain financing in the capital markets to repay government loans, which it obtained to face the repercussions of the Corona virus, by 2023.
He added, “Lufthansa will not be debt free, but we want to obtain money market loans to pay taxpayer money in Switzerland, Germany and Austria, we prefer to be debtor to the capital market and not to the taxpayer.”
The German aviation group received the first tranche of German government aid, nearly a week after the General Assembly approved the government rescue package. A spokesman for the company said that the group listed on the index, “M DAX” for medium-sized companies withdrew the first tranche of aid worth about one billion euros of the state-owned German Development Bank loan.
The spokesman said that the date for withdrawing the additional two billion from the bank loan has not been decided yet, and Lufthansa can fix this date, noting that the new shares were issued, and it is scheduled to be seized to the government today. (Arabic Net)
