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  • Lufthansa is losing less money than expected.

  • In the fourth quarter, the German airline group posted a net loss of $1.38 billion beating analyst forecasts.

  • Last year, the company secured almost $11 billion in state aid to tide it through the global travel slump.

  • In 2021 it expects to fly 40 to 50% of the capacity it had two years earlier.

  • But it's expecting a swift rebound in travel demand as lockdowns ease.

  • Even so, the money is still flowing out.

  • In the first quarter, Lufthansa expects to burn through about $360 million every month.

  • The group, which also includes Austrian Airlines, Swiss and other brands, is now thinking about retiring.

  • More planes.

  • Chief executive, cast and sports says he may permanently ground all aircraft older than 25 years.

  • The company had already outlined plans to shrink its fleet to 650 jets by 2023.

Lufthansa is losing less money than expected.

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B1 expects quarter travel slump scrap company

Lufthansa may scrap more jets

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    林宜悉 posted on 2021/03/05
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