Airline

Lufthansa loses nearly 1 billion on fuel hedging

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Lufthansa loses nearly 1 billion on fuel hedging

Germany carriers Lufthansa slumped to €1.2 billion Q1 loss, with the vast majority of the deficit coming from a €950 million fuel hedging payout. The combination of the global collapse in passenger numbers and the dramatic fall in the price of oil in April left the German carrier seriously out o...

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