The Limited Times

Now you can see non-English news...

The Corona pandemic leads to the largest economic collapse of the German company Lufthansa

2021-03-04T13:04:22.349Z


Berlin-SANA, the German airline Lufthansa, recorded a record loss of 6.7 billion euros in 2020, with the end of the year


Berlin-SANA

The German airline Lufthansa recorded a record loss of 6.7 billion euros in 2020 with the collapse of demand for air travel in light of the restrictions imposed to limit the spread of the Corona virus.

According to the German newspaper Die Welt, the airline announced that sales fell by about two-thirds to 13.59 billion euros. In addition, about 28,000 people were forced to quit their jobs at the end of last year, so that the group shrank to 110,000 employees and lost thousands of other jobs in the first few months of this year.

Some analysts expect a 50 percent increase in sales to 20.6 billion euros and the loss shrinking 70 percent to 1.8 billion euros.

Source: sena

All business articles on 2021-03-04

You may like

News/Politics 2024-03-27T09:25:16.526Z
News/Politics 2024-04-13T14:31:13.644Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.