Lufthansa dipped into the red in the first quarter. The German airline had previously warned about high rising fuel costs and is also holding that to its previously lowered growth expectations.

Fuel costs rose by € 202 million compared to the first quarter a year earlier. That has to do with the higher oil prices. The loss before interest and taxes amounted to 336 million euros. A year earlier, a plus of 52 million euros was recorded. Turnover in the last three months was 7.9 billion euros. An increase of 3 percent.

Last month, Germany’s largest airline broke through the growth forecasts for 2019. In addition to the higher fuel costs, lower ticket prices were noted. To increase prices, capacity is expanded less than previously planned.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Demand for silver still not satisfied

Since the beginning of the corona crisis, the demand for physical silver has increased sha…