Lufthansa Q1 Loss Widens, Plans Restructuring; Sees Capacity Growth; Stock Up

Deutsche Lufthansa AG eported Wednesday sharply wider net loss in its first quarter with lower revenues as Covid-19 pandemic caused drastic decline in air travel. The German airline continues to expect a significant decline in fiscal 2020 adjusted EBIT. Further, the company said it expects capacity to increase from 3 percent of original planning in May to up to 40 percent in September.