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Lufthansa heading back to most destinations as losses fall

Europe’s Lufthansa Group expects to return to almost all of its pre-COVID destinations by September after reporting a reduced loss and positive cash flow in its second quarter.

The aviation group said it benefitted from a significant market recovery “with increasing passenger and booking numbers” in its second quarter.

An operating loss of 952 million euros ($US1.125 bn) was a 43 percent improvement on the same quarter in 2020, boosted by strong results from Lufthansa Cargo and Lufthansa Technik.

READ: Air New Zealand predicts deeper loss due to Aussie COVID lockdowns

This combined with significant cost reductions and strong bookings across group airlines read more ⇒

Source:: AirlineRatings.Com

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