Lufthansa narrows loss on cost cuts, booking recovery

Published by
Reuters

By Ilona Wissenbach and Tomasz Janowski FRANKFURT (Reuters) -Germany’s Lufthansa said on Thursday recovering air travel and progress on cost savings helped the airline further narrow its losses in the second quarter and record cash inflow for the first time since the start of the coronavirus crisis. The group, which also owns Eurowings, Swiss, Brussels and Austrian Airlines, reported its adjusted operating loss narrowed to 952 million euros ($1.13 billion) from 1.7 billion euros a year earlier, slightly below the 971 million euros forecast in a company-provided poll. Lufthansa said the easing …

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