Lufthansa Posts Q2 Net Loss Of 1.5 Bn Euros As Virus Curtails Travel

Faizan Hashmi Published August 06, 2020 | 11:00 AM

Lufthansa posts Q2 net loss of 1.5 bn euros as virus curtails travel

Frankfurt am Main, Aug 6 (UrduPoint / Pakistan Point News - 6th Aug, 2020 ) :German airline giant Lufthansa said Thursday it lost 1.5 billion Euros in the second quarter as the coronavirus pandemic slammed the brakes on travel.

"We are experiencing a caesura in global air traffic. We do not expect demand to return to pre-crisis levels before 2024," said Lufthansa chief executive Carsten Spohr.

Facebook Twitter Reddit Pinterest Whatsapp

Prize Bonds

PSX 100 Index

Currency Rates

Gold Prices

Petrol Prices

Crypto

Recent Stories

HEC reviews curricula for environmental sciences d ..

HEC reviews curricula for environmental sciences degree programme

ICC Asia looking forward to an action-packed Asia ..

ICC Asia looking forward to an action-packed Asia Cricket Week

Yuvraj Singh named ICC Men’s T20 World Cup 2024 ..

Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador

Greece hands Olympic flame to 2024 Paris Games hos ..

Greece hands Olympic flame to 2024 Paris Games hosts

Two Kyiv hospitals evacuating over feared Russian ..

Two Kyiv hospitals evacuating over feared Russian strikes

World must act on neurotech revolution, say expert ..

World must act on neurotech revolution, say experts

Charles & Catherine's cancer diagnoses

Charles & Catherine's cancer diagnoses

Champions Alcaraz and Sabalenka through in Madrid ..

Champions Alcaraz and Sabalenka through in Madrid Open

King Charles to resume some public duties during c ..

King Charles to resume some public duties during cancer treatment: palace

US defense chief announces $6 bn in security aid f ..

US defense chief announces $6 bn in security aid for Ukraine

Heavy rains cause damage to Spezand-Taftan railway ..

Heavy rains cause damage to Spezand-Taftan railway track

Woman stabbed in Israel, attacker killed: police

Woman stabbed in Israel, attacker killed: police