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GERMANY-EARNINGS-AVIATION-LUFTHANSA-HEALTH-VIRUS
Lufthansa reports 2 billion euro loss in third quarter
FRANKFURT AM MAIN, Nov 5, 2020 (BSS/AFP) – Germany’s Lufthansa on Thursday posted a two billion euro loss in its third quarter as it prepares for a “hard and challenging winter” over lockdowns to curb the spread of the coronavirus.
Europe’s largest airline said it will fly a maximum of 25 percent of normal capacity from October to December this year, as it expects to burn 350 million euros ($411 million) a month.
“We are now at the beginning of a winter that will be hard and challenging for our industry,” chief executive Carsten Spohr said.
BSS/AFP/MSY/1225 hrs