30th
October
2009
Lufthansa Shows €32 Million Loss in Nine Months
posted in Car Rental |
Lufthansa has just recently reported, as of October 29th, that they had a net loss of almost €32 million for the first nine months of this year. This news comes despite the fact that the airline posted a profit of €226 million between January and September of 2009. The carrier said that it was left in the red due to weak demand and the overall recession.
The big decline in the number of business travelers played a major roll in the losses. However, other factors, like the fall in yield, also played a roll in the big loss. During the same [...]
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