Lufthansa was not immune to the global economic downturn, reporting a first-quarter net loss of €256 million ($333.8 million) that represented a reversal from the €44 million profit reported in the first three months of 2008. It cited "weak demand" as the principal reason for the result, which also included a €44 million operating loss that compared to a €172 million operating profit in the year-ago period. Revenue fell 10.7% to €5 billion. Speaking to the ...

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