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.
The German flagship carrier has beaten analysts' expectations for 2016 results, reporting a record net profit despite falling revenues, which shows that the airline's drive to save costs is bearing fruit.
Lufthansa CEO Carsten Spohr has said he held talks with the Abu Dhabi government about its stake in loss-making carrier Air Berlin. The debt of Germany's second largest airline was an obstacle for a takeover, he noted.
International Airlines Group (IAG) has cut its earnings forecast for the second time since the UK's vote to leave the EU. The owner of British Airways is struggling to contain the impact of the falling pound.
Germany's second-biggest carrier, Air Berlin, has slipped further into the red. The reason behind renewed losses is its deep restructuring effort. The airline said it was seeking new partnerships.
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