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Lufthansa scraps Germanwings as cost cuts go deeper

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Lufthansa scraps Germanwings as cost cuts go deeper

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Europe’s biggest airline Lufthansa is taking the knife to its business
as it continues its cost-cutting drive.

With the bottom line hard-hit by an ongoing pay and pensions dispute and deliberate crashing of the subsidiary Germanwings plane by a rogue pilot, Lufthansa made a first-quarter loss.

The cuts include Germanwings, which will disappear to be replaced by the established Eurowings brand.

All Europe’s major carriers are struggling to cut costs as they face cutthroat competition from the budget carriers and new rivals based in the Arabian Gulf.