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Lufthansa sets out cost cutting measures to ensure Eurowings return to profit

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Lufthansa sets out cost cutting measures to ensure Eurowings return to profit

Lufthansa AG has announced that its budget airline Eurowings will switch its focus to short-haul flights in a bid to cut costs by 15% and return to profit to 2021. The group issued a profit warning on June 16, citing falling revenues at Eurowings as a major reason why the revenue forecast dropped sh...

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