Ailing German airline Lufthansa says it's planning to cut 22,000 jobs around the world after posting a net loss of 1.5 billion euros ($A 2.4 billion) in the second quarter.
Taken together with the net loss in the first quarter, the carrier posted a total net loss of 3.62 billion euros ($A5.9 billion) in the first half of 2020 as the effects of the coronavirus pandemic took hold.
It was only thanks to record results from its subsidiary Lufthansa Cargo, which benefited from a sharp rise in demand for cargo flights, that things were not worse, the carrier said.
In response, the group plans to cut costs by 15 per cent by 2023, reduce the fleet by at least 100 aircraft and cut 22,000 full-time positions, half of them in Germany.
By the end of June, the carrier had already cut employee numbers by almost 8,300 compared to the previous year, many of them in the United States.
Talks with unions to avoid job losses on home soil have stalled, said Lufthansa chief executive Carsten Spohr, adding that he could no longer hold back a further wave of redundancies given the developments in the industry.
"We are experiencing a turning point in global air traffic," said Spohr, adding that there would be no quick recovery, especially on long-haul routes.
"We no longer expect demand to return to pre-crisis levels before 2024," he said.
The German state now owns a stake of 20 per cent in the company. Most of Lufthansa's 760 aircraft remain grounded, and the airline is predicting it will cut its fleet by 100 planes.
Lufthansa also said it had made progress with refunding tickets cancelled due to the pandemic, paying out almost 1 billion euros to customers in July.
Repayments of just under 1 billion euros to 1.8 million more customers are still outstanding.
Australian Associated Press