Thursday, August 6, 2020

Lufthansa Stock Down On Q2 Loss, Profit Warning; Plans Steep Cost Cutting Measures

Shares of Deutsche Lufthansa AG were losing around 3 percent in German trading after the airline reported Thursday a loss in its second quarter, compared to prior year's profit with sharply lower revenues with collapse in demand for air travel due to the Corona pandemic. Going ahead, the airline projects a clearly negative adjusted EBIT in the second half of 2020 and a further significant decline

from RTT - Earnings https://ift.tt/2DpH3EI
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