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Lufthansa narrows quarterly loss
Lufthansa Group posted a smaller first quarter loss, but it was still in excess of €1 billion. It suffered a €2.1 billion loss over the same period in 2020. Although it expects a gradual pickup in passenger traffic by the summer, it will only offer about 40% of its pre-pandemic capacity.
It expects some improvement in summer leisure travel and is hoping EU plans to allow trans-Atlantic travel for visitors from the US gets the green light.
The airline received a €9-billion bailout last year and has significantly reduced its cash burn thanks to big job cuts.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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