Finance

Lufthansa faces intensifying competition, falling fares

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Lufthansa faces intensifying competition, falling fares

As competition intensifies from US and Chinese airlines, Lufthansa is facing falling fares in its core transatlantic markets, the airline's CFO Joerg Beissel said at a press conference in Frankfurt, Reuters reported. Beissel said its Asian network has grown less profitable as Chinese airlines hav...

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