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Lufthansa A350-900
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Lufthansa records $2.3Bn loss in Q1, plans to restructure

“Global air traffic has come to a virtual standstill in recent months. This has impacted our quarterly results to an unprecedented extent.

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“In view of the very slow recovery in demand, we must now take far-reaching restructuring measures to counteract this,” board chairman Carsten Spohr said in a statement.