Germany's Lufthansa posts first-quarter net loss of 2.1 billion euros

FRANKFURT (Reuters) - German airline Lufthansa posted a net loss of 2.1 billion euros (1.87 billion pounds) in the first quarter, writing down the value of assets as the coronavirus pandemic hits the travel sector.The loss, which compares to a net loss of 342 million euros in the year-earlier period, was driven by write-downs of 266 million euros on its fleet, as well as write-downs on the book value of catering business LSG North America by 100 million and on budget unit Eurowings by 57..