Q1 net loss for Lufthansa

Victoria
By Victoria May 2, 2013 22:04

Q1 net loss for Lufthansa

Impacted by a one-day shutdown caused by a strike by cabin personnel on March 21, Lufthansa’s net loss widened in the first quarter with a decline of 16.5% to €459 million. Revenue was virtually flat at a 0.1% rise to €6.6 billion. On March 21, Lufthansa cancelled almost all of its 1,700 flights due to the one-day strike, while the airline group was also impacted by a €64 million charge for severance pay and other cost associated with the airline group’s restructuring.
Lufthansa has confirmed its forecast for increased operating earnings this year over last year, however.

Victoria
By Victoria May 2, 2013 22:04
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Fq1-net-loss-for-lufthansa%2F"> registered </a> users can comment.