The world's 19 largest airlines plan to reduce flights, Lufthansa will cancel 20,000 flights

Golden Ten Data reported on April 22 that, due to the impact of Middle East conflicts, global aviation fuel costs have risen, putting pressure on airlines. According to data from aviation analytics company Cirium, 19 out of the world’s 20 largest airlines plan to cut flights in May. Cirium's analysis shows that the global planned airline capacity for May is down about 3 percentage points compared to early March this year. Previously, the firm had forecasted that worldwide capacity would grow by 4% to 6% for the entire year, but now believes that, in some cases, annual capacity may even decline, falling by as much as 3%. On Tuesday local time, Lufthansa announced it would cancel about 20,000 flights from May to October. Additionally, Lufthansa stated that from now until around mid-October, it will suspend some low-profit routes departing from Munich and Frankfurt. The airline noted that since the outbreak of the Middle East conflict, aviation fuel prices have doubled. The latest measures may help the company save about 40,000 tonnes of aviation fuel.