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Lufthansa says Eurowings to be back in the black by 2021

Baggage tags of German air carrier Lufthansa are seen at the airport in Frankfurt
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BERLIN (Reuters) - German airline Lufthansa said its Eurowings budget carrier should be back to profitability by 2021 as it reported better-than-expected third-quarter results, helped by cost cuts.Lufthansa said quarterly adjusted earnings before interest and taxation (EBIT) fell 8% to 1.3 billion euros ($1.44 billion), ahead of average analyst forecasts for 1.2 billion, while revenues rose 2% to..
Date Published: Nov 07, 2019
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