German airline Lufthansa said today its net loss widened in the first quarter due to costs from restructuring and a strike by cabin personnel.
Net losses deepened by 16.5% to €459m. Revenue for the three month period increased 0.1% to €6.6 billion.
The one-day strike on March 21 shut down almost all of Lufthansa's 1,700 flights.
The airline also took a charge of €64m for severance and other costs of restructuring. And it noted today that the first quarter is typically a weak one.
The airline stuck with its forecast for increased operating earnings this year over last year.
But it warned that the company would have to press ahead with restructuring in order to compete with big airlines in the Middle East and European low-cost carriers.
