Lufthansa

Lufthansa is trimming 20,000 short-haul flights from its schedule through October as the carrier moves to blunt the impact of soaring jet fuel costs. The airline said the reduction amounts to less than 1% of total capacity across the group. According to Lufthansa, the cuts will save roughly 40,000 metric tons of jet fuel, whose price has doubled since the outbreak of the Iran conflict. The company said the revised timetable is aimed at reducing the number of loss-making short-haul services across the Lufthansa Group…

FRANKFURT — Lufthansa, Germany’s largest airline, said it has scrapped about 20,000 scheduled flights for the summer after a sharp rise in jet fuel costs driven by worsening tensions linked to Iran.  The carrier said the cuts are intended to contain expenses, adding that fuel prices have climbed steeply as the regional security outlook has deteriorated. The cancellations are expected to reduce consumption by roughly 40,000 tonnes of fuel, with most of the affected services concentrated on short-haul European routes. The…