Lufthansa Cancels 20,000 Flights Due To Fuel Costs

German airline Lufthansa has announced a significant reduction of 20,000 flights as part of a strategic move to save money and manage fuel expenses. The decision aims to stabilize the carrier's financial position amidst fluctuating operational costs. This large-scale reduction is expected to impact travel schedules across Europe and international routes. Lufthansa Group announced the cancellation of 20,000 flights over the next six months. Aviation fuel prices rose from approximately $99 per barrel in late February to nearly $209 per barrel in early April. Air France-KLM cancelled 160 flights for the upcoming month and increased long-haul ticket prices. Scandinavian Airlines also reduced its flight count by 1,000 trips in April. The International Energy Agency warned that Europe may have only six weeks of energy reserves remaining if current closures continue. The European Commission is considering imposing minimum reserve requirements.