June 3, 2020 / 11:19 AM / a month ago

Lufthansa expects significantly larger loss in second quarter

FILE PHOTO: Planes of German airline Lufthansa are parked on the tarmac at Frankfurt airport as the spread of the coronavirus outbreak continues, Frankfurt, Germany, March 24, 2020. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) - Lufthansa (LHAG.DE) expects a significantly larger loss in the second quarter of this year, the airline group’s finance chief said on Wednesday.

The German carrier posted a first-quarter loss of 2.1 billion euros on Wednesday, only days after securing the bailout that is intended to help the airline ride out the crisis but will require it to cede some of its prized landing slots to rivals.

Reporting by Ilona Wissenbach; writing by Tom Sims; editing by Michelle Martin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below