Lufthansa suspends 2019 dividends to cope with virus crisis
The German Lufthansa group, whose brands include Eurowings, Austrian Airlines and Swiss, says it is scrapping 23,000 flights between March 29 and April 24 as countries scramble to stem the Covid-19 pandemic. – EPA pic, March 14, 2020.
GERMAN airline Lufthansa yesterday said it will suspend dividends for 2019 as the aviation industry grapples with an “exceptional crisis” caused by the Covid-19 outbreak. The move is aimed at preserving liquidity at a time when the group faces a slew of flight cancellations and a slump in bookings, in part due to government-ordered travel restrictions.
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