06-Aug-2020 4:15 PM
Consequences of Corona pandemic have a considerable impact on Lufthansa result
Direct News Source
− Adjusted EBIT declines to minus 1.7 billion euros in the second quarter despite significant cost reductions − Comprehensive "ReNew" restructuring programme to ensure global competitiveness after the crisis − Lufthansa Cargo with strong second quarter − Number of employees already reduced by 8,300 - redundancies no longer ruled out in Germany as well − Normalization of demand to pre-crisis level expected for 2024 at the earliest
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This press release was sourced from Lufthansa Group on 06-Aug-2020.