Bloomberg Deutsche Lufthansa AG is preparing for more drastic cutbacks in its global workforce and airline fleet than it previously planned, after a hoped-for recovery of air traffic fizzled out. Recent rules that forced travellers into quarantine have had a catastrophic effect on bookings, Chief Executive Officer Carsten Spohr told staff at a meeting, according to people in attendance. For …

Bloomberg Qantas Airways Ltd is considering shifting its headquarters from Sydney in an effort to cut costs as the pandemic forces it to scale down operations. The carrier announced a three-month review of its property footprint across the country, and said it was seeking to trim its annual A$40 million ($29 million) bill for rented office space. Qantas appointed Colliers …

Bloomberg SpiceJet Ltd, one of the world’s biggest customers for Boeing Co’s now-grounded 737 Max jets, said an interim offer of compensation from the US planemaker is higher than what the Indian budget carrier recognised earlier. SpiceJet, India’s second biggest airline, has been using an unusual accounting method to book income on expected compensation from Boeing in the past few …