Lufthansa Profits Plunge On LCC Competition, Fare Wars Impact

Credit: Rob Finlayson
Lufthansa Group, facing intense competition from European LCCs, delivered a 2019 first-half net loss of €116 million ($132 million), reversed from a €713 million net profit a year ago. The German carrier said the results were primarily attributed to “the difficult market situation in Europe, in...

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