German airline Lufthansa is losing €1m every two hours, which represents "a significant improvement" over the low point of the Covid-19 crisis, its chief executive Carsten Spohr said today.
Lufthansa had been racking up losses at twice that rate at one point last year.
It has cut costs and pared flights to those generating positive cash flow thanks largely to buoyant cargo rates, Spohr said in a webcast interview hosted by Eurocontrol.
Meanwhile, KLM, the Dutch arm of Air France, said it would cut an additional 1,000 jobs in 2021 and voiced its opposition to government plans for all passengers to require a Covid-19 test before flying to the Netherlands.
The airline said the new cuts come on top of 5,000 job losses in 2020.
Separately, a coalition of Dutch airlines including KLM issued a statement saying they opposed a requirement for all inbound passengers to take a "fast" Covid-19 test within four hours of boarding a plane bound for the country.
"The Netherlands would be the only country in the world to adopt such far-reaching measures," the companies said in a statement.