Lufthansa Group reports strong bookings in the first quarter of 2023 and expects another travel boom in summer

Further restructuring costs in the fourth quarter warned Lufthansa

Lufthansa on Thursday stated it booked an internet lack of 2 billion euros (US$2.35 billion) within the third quarter because of the pandemic-related hunch in traveling and introduced additional restructuring measures would weigh on fourth-quarter figures.

BERLIN: Lufthansa on Thursday stated it booked a internet lack of 2 billion euros (US$2.35 billion) within the third quarter because of the pandemic-related hunch in travelling and introduced additional restructuring measures would weigh on fourth-quarter figures.

The quantity of the anticipated restructuring prices will depend upon the negotiations with commerce unions, the group stated.

The German airline, which secured a 9 billion euro statebailout in June, stated it had liquidity of 10.1 billion euros obtainable.

Third-quarter gross sales fell to 2.7 billion euros from 10.1 billion euros within the earlier yr’s interval.

(US$1 = 0.8520 euros)