Lufthansa : The reduction in pension provisions masks a more costly recovery than expected
>A slightly more costly recovery this year - In putting back the operating cash breakeven target from 2021 to 2022 once the threshold of 50% of 2019 capacities is reached, Lufthansa admits that the recovery will be more costly. Two main adverse effects will be visible this year with i/ a load factor that is bound to be low in the passenger business given the lack of uniformity in the lifting of restrictions in the different countries, and ii/ a low cash impact from bo...Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").
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