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 ...

Subscribe to Access this Entire Article

"Lufthansa 'adjusting' passenger, cargo capacity, sticking to long-term strategy" 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?

Already registered? here.