Lufthansa Group’s operating profit drops almost 20% to $1.1 billion, vows to cut costs at Austrian

Lufthansa Group (Frankfurt) saw its operating profit decline by almost 20 percent to around $1.1 billion. The group also vowed to cut costs at Austrian Airlines (Vienna). Lufthansa also stated it would consider selling Austrian if it cannot lower costs.

Read the statement from Lufthansa: CLICK HERE

Read the analysis by Reuters: CLICK HERE

Copyright Photo: Ross Bernhard.

Lufthansa Slide Show: CLICK HERE