Lufthansa Group CEO: Coronavirus placing the industry in an 'unprecedented state of emergency'

Lufthansa Group chairman and CEO Carsten Spohr said (19-Mar-2020) the coronavirus outbreak has placed the global economy and the company in an "unprecedented state of emergency". He argued the consequences of the crisis are unforeseeable, however, the group will "have to counter this extraordinary situation with drastic and sometimes painful measures". He also said that the longer the crisis lasts, the more likely the future of aviation cannot be guaranteed without state aid. [more - original PR]