A Lufthansa plane is parked at a terminal at Munich International Airport in Freising, Germany on March 17. Andreas Gebert/Getty Images

German airline Lufthansa has announced drastic cutbacks in its flight operations, grounding 700 of its 763 planes.

The carrier’s CEO Carsten Spohr said the spread of coronavirus had placed the airline in “an unprecedented state of emergency.”

He added that “the longer this crisis lasts, the more likely it is that the future of aviation cannot be guaranteed without state aid.”

Source: CNN