Lufthansa warns of additional restructuring prices in fourth quarter


© Reuters. FILE PHOTO: Lufthansa planes are seen parked on the tarmac of Frankfurt Airport

BERLIN (Reuters) – Lufthansa (DE:) on Thursday stated it booked a web lack of 2 billion euros ($2.35 billion) within the third quarter as a result of pandemic-related stoop in travelling and introduced additional restructuring measures would weigh on fourth-quarter figures.

The quantity of the anticipated restructuring prices will depend upon the negotiations with commerce unions, the group stated.

The German airline, which secured a 9 billion euro statebailout in June, stated it had liquidity of 10.1 billion euros accessible.

Third-quarter gross sales fell to 2.7 billion euros from 10.1 billion euros within the earlier 12 months’s interval.

($1 = 0.8520 euros)

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