Lufthansa eyes cost cuts to return Eurowings to profit
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FRANKFURT/BERLIN (Reuters) - Lufthansa's budget airline Eurowings will aim to cut costs by 15% over the next three years and focus on short-haul flights as part of a plan to return to profit by 2021, the German carrier said on Monday. Lufthansa cited falling revenues at Eurowings as a major reason behind a profit warning on June 16. Eurowings' revenue was forecast to drop sharply in the second quarter.Eurowings expanded last year as it took over large parts of Air Berlin but is making a loss as..