JOHANNESBURG: Deutsche Lufthansa AG reported a first-quarter loss because of rising fuel costs and downward pressure on fares, sending the stock plunging in a sign of deepening industry woes after the German airline cut its growth plans last month.
Lufthansa shares fell as much as 5% at the open in Frankfurt after the country’s biggest carrier disclosed an adjusted loss before interest and taxes of 336mil euros (US$380mil).
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