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Big Traffic Author of this article: Sino-Singapore Jingwei 2020-08-08
Q2 revenue fell 80% to 1.89 billion euros.
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Lufthansa, which received a huge financial bailout from the German government, is still in the cold winter,Huge loss of 1.5 billion euros (approximately RMB 12.4 billion) in the second quarter。

According to the Wall Street Journal Chinese website,Lufthansa suffered serious losses in the second quarter。Data released by Lufthansa on the 6th,Second quarter revenue dropped 80%,to 18.900 million euros;Adjusted EBIT loss is 16.800 million euros,Profit for the same period last year 7.5.4 billion euros;Net loss 1.5 billion euros,Profit for the same period last year 2.€2.6 billion。

Reportedly,Lufthansa stated,Capacity dropped by 95% in the 188bet app download second quarter,The company plans to gradually increase capacity in the third and fourth quarters。Lufthansa said: “It plans to increase the capacity of short and medium-haul routes in the third quarter to an average of about 40% of the previous year,Increase the capacity of long-distance routes to about 20% of the previous year。”

Public report display,Affected by the new coronavirus epidemic,The German aviation industry faces a cold winter,Lufthansa stated in early April,Because more than 90% of its passenger planes are grounded,The company loses approximately 1 million euros per hour,Cash reserves can only last about half a year。If you can’t get help,Lufthansa may consider initiating bankruptcy protection procedures。

To avoid bankruptcy,Lufthansa and the German government reached a 9 billion euro financial rescue agreement。

June 25th local time,The EU officially approves the German government’s huge bailout plan for Lufthansa,Allow the German government to "inject" 9 billion euros to bail 188bet app download out Lufthansa。Lufthansa will receive a 3 billion euro loan guaranteed by the German government,EUR 5.7 billion in non-voting funds and an equity capital increase of EUR 300 million provided by the German government,Accordingly, the German government will hold at least 20% of Lufthansa's shares。

According to CCTV news client report at the end of July,Dragged down by the epidemic,Many airlines plan to lay off employees。Martina, head of the aviation department of the German Service Industry Union said,The aviation industry is currently severely affected,Probably since 2008、After the 2009 global economic crisis,The most serious crisis encountered in the industry。The impact may last for many years,It may not return to pre-pandemic levels until 2025。

188bet Online Sports Betting and Casino :China-Singapore JingweiOriginalTitle:《Capacity reduced by 95%!Lufthansa suffered a huge loss of 12.4 billion yuan in the second quarter》.


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