Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Demand for Lufthansa flights to U.S. soars on re-opening

Published 09/28/2021, 05:25 AM
Updated 09/28/2021, 09:56 AM
© Reuters. FILE PHOTO: Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. REUTERS/Kai Pfaffenbach/File Photo

BERLIN (Reuters) - Demand for transatlantic flights has jumped since the United States announced plans last week to reopen to fully vaccinated travellers from countries including most of Europe, German airline Lufthansa said on Tuesday.

On some days last week, bookings for transatlantic flights were up threefold from the week before, with demand on some routes nearing pre-crisis levels, it said in a statement.

The United States said last week https://www.reuters.com/world/uk/us-relax-travel-restrictions-passengers-uk-eu-november-source-2021-09-20 it would reopen in November to air travellers from 33 countries including China, India, Brazil and most of Europe who are fully vaccinated against COVID-19.

For the large traditional European airline players, such as British Airways-owner IAG (LON:ICAG), Lufthansa and Air France-KLM, the decision represents a chance https://www.reuters.com/business/aerospace-defense/easing-restrictions-will-boost-us-airlines-business-travel-still-unclear-2021-09-20 to recover the transatlantic routes that are key to their profits.

Lufthansa said bookings for December flights to the United States reached pre-crisis levels last week.

Both leisure and business travellers snapped up tickets for flights from Zurich and Frankfurt to New York and to Miami.

Bookings last week for Premium Economy, Business and First Class flights to the United States was up compared with the same period in 2019.

Lufthansa said it was launching additional flights to the United States to meet the jump in demand, offering three flights daily to Miami from November on carriers Lufthansa and SWISS.

© Reuters. FILE PHOTO: Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. REUTERS/Kai Pfaffenbach/File Photo

It is also considering adding more connections to New York, in addition to up to 55 weekly connections from its European hubs that it already has scheduled, to meet demand for pre-Christmas travel.

As demand for flights to the United States soars, Lufthansa is also adding more feeder flights within Germany and to its European hubs in Austria, Belgium and Switzerland.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.