Updated 9 April 2020 at 18:03 IST
Lufthansa losing 1 mn euros per hour, will need state aid: CEO
Lufthansa is losing a million euros (USD 1.1 million) per hour as the coronavirus pandemic paralyses travel, CEO Carsten Spohr said, warning that the German airline giant would need state aid to survive
- World News
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Lufthansa is losing a million euros (USD 1.1 million) per hour as the coronavirus pandemic paralyses travel, CEO Carsten Spohr said, warning that the German airline giant would need state aid to survive.
"We are losing about a million euros in liquidity reserves per hour. Day and night. Week by week," Spohr said in a video message to staff on Wednesday, seen by AFP on Thursday.
Europe's largest airline group by passenger numbers "will not be able to survive this increasingly longer lasting crisis without state support", he added.
Published By : Press Trust Of India
Published On: 9 April 2020 at 18:09 IST