Lufthansa Steps Up Measures to Cut Costs - Yahoo Finance

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(Bloomberg) — Deutsche Lufthansa AG warned that compulsory dismissals are likely in Germany amid slow progress in talks with unions, stiffening its tone as the carrier braces for years of reduced demand.

Europe’s biggest airline posted an adjusted operating loss of 1.7 billion euros ($2 billion) in the second quarter — its biggest ever — wrapping up a dismal set of results for European carriers after the coronavirus grounded virtually all passenger flights.