Lufthansa plans to cut fleet as first-half profits fall

1996-09-04T00:00:00

LUFTHANSA IS TO STEP up cost-cutting measures and reduce its fleet, in an effort to combat an unforeseen stagnation in traffic growth which has left the German group with a significant drop in profits for the first half of the year. Pre-tax profits amounted to DM119 million ($80 million), slightly ...

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