The recession and resulting demand decline "left their mark" on Lufthansa Group's first-quarter performance, Chairman and CEO Wolfgang Mayrhuber and other senior officials said in a note to shareholders yesterday, pointing to steep drops in business passengers and cargo in explaining a net loss of €256 million ($333.8 million) on a more than 10% decline in revenue. The results, first revealed Wednesday in a preliminary report (ATWOnline, April 30), are no reason to abandon LH's ...

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