Lufthansa reports the biggest loss in its history
Europe’s biggest airline group reviews hoped-for rebound and looks to vaccine rollout, easing of travel bans and quarantines
04 March 2021 - 18:23
Frankfurt am Main — Deutsche Lufthansa struck a more pessimistic tone after reporting the biggest loss in the airline’s history, saying it might need until the middle of the decade to recover from the coronavirus pandemic that’s ravaged the industry.
Europe’s biggest airline group warned on Thursday that it may be able to operate only 90% of its pre-pandemic capacity by then, a sign of deteriorating confidence in a revival after Lufthansa previously suggesting the market could recover fully by 2024...
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