Home KNN Business EUROPE’S LEADING GLOBAL AIRLINE IS LOSING $1 MILLION AN HOUR AND NEEDS...

EUROPE’S LEADING GLOBAL AIRLINE IS LOSING $1 MILLION AN HOUR AND NEEDS A BAILOUT

EUROPE'S LEADING GLOBAL AIRLINE IS LOSING $1 MILLION AN HOUR AND NEEDS A BAILOUT

Lufthansa is talking with the German government on the terms of a rescue deal, as it fights to avoid bankruptcy while keeping state influence at bay.

Europe’s leading global airline group held its first virtual annual general meeting, where it unveiled a $1.3 billion first-quarter loss.

It painted a depressing picture of the outlook for global aviation, which coronavirus pandemic brought to a standstill.