{"id":379638,"date":"2020-10-21T09:12:24","date_gmt":"2020-10-21T03:42:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379638"},"modified":"2020-10-21T09:55:21","modified_gmt":"2020-10-21T04:25:21","slug":"lufthansa-loses-1-26-billion-euros-in-third-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lufthansa-loses-1-26-billion-euros-in-third-quarter\/","title":{"rendered":"Lufthansa loses 1.26 billion euros in third quarter"},"content":{"rendered":"<p>German airline Lufthansa on Tuesday reported a loss of 1.26 billion euros ($1.49 billion) in the third quarter of 2020 as it struggles to bounce back from crippling coronavirus lockdowns. <\/p>\n<p>The sobering figure is a slight improvement on quarter two&#8217;s loss of 1.5 billion euros &#8220;due to an expansion of the flight schedule in the summer months of July and August and considerable cost reductions&#8221;, the airline said in a statement.<\/p>\n<p>But demand for air travel is expected to remain low in the coming months &#8220;due to the global evolution of the pandemic and the associated travel restrictions&#8221;, it said.<\/p>\n<p>The group therefore plans to operate at just 25 percent capacity in the fourth quarter compared with the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German airline Lufthansa on Tuesday reported a loss of 1.26 billion euros ($1.49 billion) in the third quarter of 2020 as it struggles to bounce back from crippling coronavirus lockdowns. The sobering figure is a slight improvement on quarter two&#8217;s loss of 1.5 billion euros &#8220;due to an expansion of the flight schedule in the summer months of July and August and considerable cost reductions&#8221;, the airline said in a statement. But demand for air travel is expected to remain low in the coming months &#8220;due to the global evolution of the pandemic and the associated travel restrictions&#8221;, it said. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-379638","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379638"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379638\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}