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LUFTHANSA REPORTS NET LOSS IN FIRST QUARTER

Published On 03 Jun 2020 09:45 AM


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Highlights

  • Lufthansa reported a net loss of $2.3 billion in the first quarter.
  • It confirmed a loss before interest and tax of $1.34 billion in the first three months.
  • The German airline awaits a decline in 2020 earnings before interest and tax.
  • The German government plans to take a 20% stake in the airline to aid it.

Due to the ongoing pande....


Tags : GERMANY, LUFTHANSA, NET LOSS INCURRED, GOVERNMENT TO PURCHASE STAKE,
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