Lufthansa Airbus A319
Lufthansa Group posted a first-quarter net loss of €459 million ($605.1 million), widened 16.5% from a net loss of €394 million in the year-ago period. The company cited expenses for severance pay and compensation as part of the SCORE job cuts, as well as impairment losses and valuation effects, for the results. Its full-year earnings outlook for the year remains unchanged. ...
Subscribe to Access this Entire Article
"Lufthansa Group posts higher Q1 net losses on SCORE costs" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.