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Lufthansa suffers losses amid restructuring plan
(MENAFN) German airline Lufthansa has long been struggling to match its rivals' rock-bottom costs, fighting on several fronts and trying to find new areas to expand the business, Oman Observer reported.
Currently, added to the protracted dispute with pilots, he faces the ire of shareholders who, if the Lufthansa management has its way, will have to go without any dividends from 2014.
Disastrous news of a loss of over USD821 million came just a day after an employees' meeting in Frankfurt, one that had been meant to launch the company into a new era.
Currently, added to the protracted dispute with pilots, he faces the ire of shareholders who, if the Lufthansa management has its way, will have to go without any dividends from 2014.
Disastrous news of a loss of over USD821 million came just a day after an employees' meeting in Frankfurt, one that had been meant to launch the company into a new era.
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