Name: Lufthansa burns cash, Wizz sees rebound
Uploaded: 2020-11-07T18:55:49.000Z
Duration: 1 min 25 s
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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%. 