According to various media reports that have appeared in the Confederation, the Lufthansa subsidiary Swiss is once again about to apply for state aid. According to the articles, the funds that have been made available in the form of loans are slowly but surely running out. Switzerland has so far grabbed Swiss and its sister company Edelweiss with 1,5 billion francs.

The Sunday newspaper writes that Lufthansa would lose half a billion euros per month and that it would soon run out of steam as well. Both Swiss and Lufthansa and possibly also Austrian Airlines could soon knock on the respective governments again and ask for more money. But this is still sharply denied. Swiss points out that the financial resources should be sufficient for the next few years.

The Sunday newspaper but on the other hand that it should be heard from Swiss management circles that money “could be tight”. By the end of 2020, according to the information to which the medium refers, the money in the entire Lufthansa Group could be used up and new state aid could be necessary. However, whether the governments in Germany, Belgium, Austria and Switzerland will again put together aid packages worth billions for the Lufthansa Group is completely open. In any case, it is expected that further tough austerity packages can be expected due to the renewed deterioration in demand. The travel warnings and quarantine regulations have a particularly negative impact on the opportunities to earn money. At the moment the European countries are covering each other. As mentioned: The Lufthansa Group denies the Swiss reporting and points out that the aid packages are sufficient for the next few years. What is really true will primarily depend on the further development of the pandemic and that is absolutely unpredictable for management.