Lufthansa cuts Q1 losses as it digests Air Berlin

German airline giant Lufthansa said Thursday it had pared back losses in the first quarter, but confirmed it expects a slightly leaner result over the full year than in 2017. The group booked a net loss of 57 million euros ($69 million) between January and March, 11 million euros smaller than the previous year.
Its adjusted pre-tax profits reached 26 million euros, up one million year-on-year, while revenues slipped 0.7 percent to 7.6 billion euros. Chief executive Carsten Spohr called the performance a "good set of results," saying "we again managed to steadily further reduce our unit costs while simultaneously investing in the quality of our product."