Lufthansa Group posts €381million 1Q net loss; will eliminate 3,500 administrative jobs

Lufthansa 747-8I. Courtesy, Boeing Lufthansa Group (LH) reported a first-quarter net loss of €397 million ($521.9 million), reduced from a €507 net loss in the year-ago quarter (ATW Daily News, May 6, 2011). The Group also announced it would eliminate 3,500 administrative jobs worldwide over the...

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