The German carrier, the biggest in europe by market value, announced yesterday that it losed about $47 million for the first nine months of the current year, and the company is expecting a full year operating loss. That situation contrasts with last year's $800 million net profit. Stagnant travel demand and high oil prices are the major factors behind the bad performance. The carrier believe capacity reduction is the way forward and is trying to adapt its seats offer to the demand. They also announce that they are seeing opportunities in many african countries where they've invested.
Source: CNN, Financial times
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