Demand surges: Lufthansa stock turns red: Lufthansa extends autumn flight schedule - leasing four Airbus long-haul jets

After the month of August, the airline reported the largest increase in bookings for European destinations in October. According to Lufthansa, Spanish destinations are particularly popular, with additional flights going to Palma de Mallorca, Gran Canaria, Fuerteventura, Málaga and Seville.

There will also be additional flights to Faro and Madeira in Portugal, to Sardinia and Cagliari in Catania in Italy, and to Rhodes in Greece.

Lufthansa had earlier announced that it would increase its offer on domestic routes by 45 percent in October compared to July.

It was now said that instead of 9 daily connections from Frankfurt to Berlin in October there would be 11 and 8 daily flights from Frankfurt to Hamburg. The Munich–Düsseldorf route will also be increased from 6 to 9 daily connections.

Lufthansa announced last week that bookings for flights to the United States had nearly reached pre-pandemic levels. Demand had grown rapidly after the Biden administration announced that it would ease entry restrictions for fully vaccinated passengers.

Lufthansa leases four Airbus A350-900 long-haul jets

By leasing four more Airbus A350-900 aircraft, Lufthansa is expanding its long-range fleet to 21 aircraft with this fuel-efficient variant. The airline announced that the aircraft would be used by the Lufthansa core brand from the first half of 2022.

The twin-engine Airbus A350-900s consume about 2.5 liters of kerosene per passenger and 100 km of flight, which is about 30 percent less than their predecessor models. Above all, they are intended to replace the four-engined long-range aircraft of the Airbus A340 family.

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Lufthansa’s stock initially rose to profitability on XETRA on Monday, but the stock has since changed direction and fell 0.48 percent to 6.20 euros.

Barcelona (Dow Jones)