Lufthansa to drop services to Abu Dhabi

(Shutterstock)
(Shutterstock)

Frankfurt - German airline Lufthansa announced on Thursday that it will pull the plug on its once-daily flights between Frankfurt and Abu Dhabi due to competition from its Gulf rival Etihad.

"Substantial capacity has arisen in recent years on services between Germany and the United Arab Emirates because state-subsidised Gulf carriers have massively increased their presence," Lufthansa complained in a statement.

"This development has been further exacerbated by the fact that Etihad Airways has unfairly been allowed to offer and market code-sharing flights with Air Berlin," the German airline continued.

"In face of huge over-capacity, the service between Frankfurt and Abu Dhabi has become increasingly uneconomical for us. We are now taking the consequences and will drop the service from our timetable starting from summer 2015," Lufthansa said.

The carrier complained that the unfair competition from state-subsidised airlines in the Gulf region putting jobs at risk in the German airline sector.

ZAR/USD
17.05
(-0.57)
ZAR/GBP
21.24
(-0.35)
ZAR/EUR
19.15
(-0.38)
ZAR/AUD
11.83
(-0.71)
ZAR/JPY
0.16
(-0.39)
Gold
1775.38
(+0.02)
Silver
18.02
(+0.62)
Platinum
809.16
(+0.35)
Brent Crude
42.92
(+2.64)
Palladium
1892.00
(+0.29)
All Share
54628.73
(+0.02)
Top 40
50290.26
(-0.04)
Financial 15
10224.15
(+0.09)
Industrial 25
76612.44
(+0.60)
Resource 10
50279.74
(-0.96)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1568 votes
I am taking a hit, but should be able to recover in the next year
23% - 2043 votes
My finances have been devastated
34% - 3061 votes
It's still too early to know what the full effect will be
25% - 2220 votes
Vote