The European airline Deutsche Lufthansa reported preliminary financial results of the first quarter, according to which a corrected loss of 336 million euros against EBIT of 52 million euros in the first quarter a year earlier was recorded. The reason for this was an increase in fuel costs and an oversupply on European routes. Quarterly revenue amounted to 7 billion 900 million euros, an increase over the year by 3%. Lufthansa, which transported a record number of passengers last year – more than 142 million – expects that by the end of this year, its adjusted EBIT profitability will be in the range of 6.5% to 8%. Last year, the figure was 7.9%. The capitalization of the German airline currently stands at about 10.5 billion euros. Since the beginning of 2019, it has increased by 12%.
Gold suffers loss for five straight days, doomed by surging US Treasury yields
12.02.2021Dollar on course for weekly loss on weak U.S. jobs data
11.02.2021AstraZeneca estimates 2021 growth after beating 4th quarter sales, sees faster growth
08.02.2021Japan’s economic rebound likely dwindled in fourth quarter
