Lufthansa reviewing future of Germanwings - Yahoo Finance

FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Frankfurt

FRANKFURT (Reuters) – Lufthansa <LHAG.DE> is reviewing options for its Germanwings business after ruling out a union proposal to consider shortened work hours, also known as Kurzarbeit, as a stop-gap solution for helping the low-cost unit conserve cash.

“There is no agreement on Kurzarbeit, the management board is reviewing options,” a Lufthansa spokesman said in response to a question about whether Germanwings was slated for closure or whether shortened work hours would be implemented.