BERLIN: German airline Deutsche Lufthansa AG has warned that, because of falling passenger numbers and rising fuel costs, it will need to enact further cost-saving measures to protect its earnings.
In a statement Friday the Cologne-based company, Europe's second largest airline by sales behind AirFrance-KLM, said "persistently weak demand development in passenger and freight business, structural changes in passengers' travel behavior and rising fuel prices," have forced it to take steps to maintain its operating profit.
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