Lufthansa has cut losses to a million euros every two hours, says CEO
Lufthansa, which was racking up losses at twice that rate at one point last year, has cut costs and pared flights to those generating positive cash flow
Planes of German carrier Lufthansa are parked on a closed runway at the airport in Frankfurt, Germany, March 23, 2020, as the spread of the coronavirus disease (Covid-19) continues/ Reuters
German airline Lufthansa is losing 1 million euros ($1.2 million) every two hours, which represents "a significant improvement" over the low point of the Covid-19 crisis, Chief Executive Carsten Spohr said on Thursday.
Lufthansa, which was racking up losses at twice that rate at one point last year, has cut costs and pared flights to those generating positive cash flow thanks largely to buoyant cargo rates, Spohr said in a webcast interview hosted by Eurocontrol.
($1 = 0.8236 euros)
