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  • Lufthansa is set to burn through even Mawr cash.

  • The German airline says it's going to seem or money flow out in the fourth quarter than it did in the third.

  • It says the monthly cash drain could go a Zayas €350 million or about $414 million.

  • The glum outlook came as the firm posted a net loss for the third quarter, off $2.4 billion over the period it was operating barely 1/5 off last year's capacity.

  • Chief executive cast on sport called the outlook for the winter months hard and challenging.

  • The airline doesn't expect traffic to return to pre crisis levels before 2025.

  • It's aiming to cut 22,000 full time jobs.

  • Budget carrier Wizz continues to strike a very different note, though The Hungry based airline plans to fly as much as half off last year's capacity over the winter and, with $1.9 billion of cash in hand, says it could survive for two years without flying.

  • A tall We is expects demand to rebound in the spring, but wasn't immune to losses this year for the six months to the end of September, it posted a deficit off about $171 million with shares were up about 1.6%.

  • By mid afternoon Thursday, Lufthansa was down over 1%.

Lufthansa is set to burn through even Mawr cash.

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B1 airline cash outlook rebound capacity posted

Lufthansa burns cash, Wizz sees rebound

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    林宜悉 posted on 2020/11/07
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