This was to be feared: the AUA mother Lufthansa Group flew a billion dollar loss in the first quarter. A significantly higher minus is expected for the current second quarter. It is currently not foreseeable when the flight operations can be expanded again.
The consequences are drastic: You can no longer save yourself from the corona crisis on your own – the Dax group published this assessment on Thursday,
1.5 billion for AUA, Swiss, Brussels
A ten billion euro package of government aid is to be finalized next week, reported Reuters citing insiders. According to this, the new German economic stabilization fund WSF should generate three to four billion euros in equity. Initially, it could be a silent participation (with no say) that could later be converted into shares.
In addition, up to five billion euros in loans from the development bank KfW the speech. Of Austria, Switzerland and Belgium a total of 1 to 1.5 billion euros are planned. The Lufthansa subsidiaries are in these countries AUA, Swiss and Brussels home.
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