Lufthansa has faced new losses due to the coronavirus pandemic

German airline Lufthansa said it was operating at an operating loss of 1.26 billion euros in the third quarter due to a massive flight cancellation in a coronavirus pandemic and the cost of compensating passengers.

Lufthansa adds that they had a profit of 1.3 billion euros in the same period last year.

However, the company managed to establish some flights in the third quarter of this year and reduced operating costs, so the loss is lower than in the second quarter when it was 1.7 billion euros.

The operating loss in the first nine months of this year thus reached 4.2 billion euros, as opposed to the operating profit of 1.72 billion euros in the same period in 2019, according to a statement transmitted by Hina.

“Demand for air travel is expected to remain weak in the coming winter months due to the global spread of the pandemic and related travel restrictions,” Lufthansa said.

The German company, however, claims that they will still be able to deal with further problems related to the coronavirus pandemic.

News Room
News Roomhttps://www.megalopreneur.com
Stories under this byline are written/directed/published by the staff and editorial board of MegaloPreneur magazine. Some of the MegaloPreneur journalists may also be involved in investigating and finding facts.

Your Comment

Discover

Sponsor

spot_imgspot_img

Latest

The doctor has applied for the Miss BumBum pageant, no one wants to hire her anymore

Souza was one of the favorites last year Model and doctor Ryan Laura Souza, 26, who lives in Bolivia last year, applied for the Miss...

Romina Malaspina, the sensual woman who makes all men sigh

The beautiful model was born on July 7, 1994, in Mar del Plata. Her beauty and way of being led her to be part...

Until yesterday, everyone in Croatia laughed at Aleksandra Prijovic, and today they are crazy about her songs

Even these days, the trend on YouTube in Croatia is not surprising - young Croats on this platform mostly listen to Serbian turbo-folk hits...

SEKA ALEKSIC BANNED IN THE MEDIA BECAUSE OF THIS- The singer answered and said only one thing

Seka also revealed that her older son Jakov is now in the growing up phase when he is very restless, but that she tries...

Emina Jahovic admitted that she did not have an easy life- I was the target, I was tried

Singer Emina Jahovic has often been the subject of gossip due to her divorce from Mustafa Sandal Singer Emina Jahovic has often been the subject...