A passenger walks past a Lufthansa ticket counter at Frankfurt Airport in Frankfurt, Germany, September 21 2020. Picture: REUTERS/RALPH ORLOWSKI
Lufthansa said it will record an impairment of €1.1bn this quarter against the value of grounded aircraft. Lufthansa shares fell as much as 8.8%, the biggest intraday decline since June 11, and were trading 8% lower at €7.92 in Frankfurt. That takes the decline in 2020 to 52%. Remaining four-engines jets including fleets of Boeing 747 jumbos and smaller A340-300s are not affected.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
20 Durban residents up in arms after losing at least R16 000 each in housing scamA group of more than 20 prospective tenants claim to have become victims of fraud after they were “scammed” R16000 each in the hope they would be allocated affordable rental flats in the Durban CBD.
Source: IOL - 🏆 46. / 51 Read more »
HILARY JOFFE: Compacting and consulting while the economy circles the drainThe President should have announced the agreed-upon plan forthwith
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Reversal of fortunes expected across unit trust sectorsSPONSORED | PSGWealth For many investors, the past five years have delivered very disappointing real returns. Read more.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
WATCH | Elephants, giraffes at Zim nursery join 'Jerusalema' challengeIn a viral video, elephants and giraffes from the Wild Is Life Trust's Zimbabwe Elephant Nursery (ZEN) take part in the dance challenge with staff members. Awesomeness
Source: TimesLIVE - 🏆 28. / 59 Read more »
Flying business class now is like cattle class with more legroomEfforts to cut risk of Covid-19 infection take the shine off the most expensive seats on board aircraft
Source: BDliveSA - 🏆 12. / 63 Read more »
Pearl Modiadie on welcoming her baby: Your father and I love you dearlyThe phrase 'congratulations Pearl' has been trending on Twitter after Pearl Modiadie announced the news. So you think we going to click on the link? Keep on dreaming, we know it all already 🙄🙄🙄🙄🙄🙄🙄 Her baby!!!!
Source: TimesLIVE - 🏆 28. / 59 Read more »