Lufthansa Q1 revenue down 18 percentChristian Fernsby ▼ | June 3, 2020
Lufthansa revenue in the first quarter fell by 18 percent to 6.4 billion euros (previous year: 7.8 billion euros).
Lufthansa Cost reductions could only partially offset the revenue decline
Adjusted EBIT amounted to minus 1.2 billion euros in the first quarter of 2020 (prior year: minus EUR 336 million).
Net profit amounted to minus 2.1 billion euros.
he Group recorded impairment charges of 266 million euros on decommissioned aircraft and 157 million euros on the goodwill of LSG North America (minus 100 million) and Eurowings (minus 57 million). ■