Excess seat capacity and rising fuel prices leaves German airline recording tall negative
Lufthansa has become the latest European airline to reveal it is suffering financial turbulence and said it would gain a €336m (£290m) loss for the first quarter of 2019.
The German group said a combination of excess seat capacity across the industry and rising fuel prices had impacted its earnings, turning the €52m profit it made for the same period last year into an unexpectedly tall negative. Related: 'Hidden city' travel: why airlines are cracking down on a discount trick Continue reading...
Source: theguardian.com