Lufthansa Posts Record Annual Loss

Lufthansa Posts Record Annual Loss

by | Mar 5, 2021 | High Yield Bonds

German carrier Lufthansa reported a record annual operating loss of €5.5bn ($bn) in 2020 vs. a €2bn ($2.4bn) profit in 2019. Net losses were at €6.7bn ($8bn) as against a profit of €1.2bn ($1.44bn) in the previous year. Revenues fell 63% to €13.6bn ($16.3bn). The...
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