Germany's flagship carrier has posted a 204 million euro loss for the first six months of 2013. But it believes its restructuring program is working and will pay off before the end of the year.
Germany's Lufthansa Group looks set to expand, even as some rival airlines cut back or fall into bankruptcy. It has set its sights on becoming a leading global player. But air travel markets remain fiercely competitive.
Lufthansa has confirmed its full-year objectives, even as its third-quarter profit fell. The German airline group is expected to benefit from solid passenger demand as it swoops in on struggling rivals.
Without much fanfare Lufthansa will take over portions of the insolvent Air Berlin, ending a long period of suffering for Germany's second-biggest airline. That said, competition regulators will be watching very closely.
Insolvent German airline Air Berlin hopes to secure the jobs of most of its employees as a result of ongoing negotiations and expected sales of its assets to competitors Lufthansa and easyJet.
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