FILE PHOTO: Airplanes of German carrier Lufthansa are parked at the Berlin Schoenefeld airport, amid the spread of the coronavirus disease in Schoenefeld, Germany, May 26, 2020. REUTERS/Fabrizio Bensch
Tentative signs of a European recovery now appear threatened by new localised outbreaks and restrictions, while long-haul flights such as to the United States - which are important for Lufthansa - remain largely grounded due to rising infections. Lufthansa’s pessimistic view echoed a forecast last month by the International Air Transport Association that it would take a year longer than previously expected for passenger traffic to return to pre-crisis levels..
It said forced redundancies can no longer be ruled out in Germany due to worsening market conditions and faltering negotiations with unions.
Since stocks are forward looking then they should be up on this news. There is no rule to how far forward they have to look for profits, in theory the dream of one day should be bullish in this market.
How about refunds for travel they already cancelled? I’m waiting on two ...
Devastating all around
WTF?
nationalize all airlines
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