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News list for lufthansa suffers turbulence with €336m loss in first quarter business

News list for lufthansa suffers turbulence with €336m loss in first quarter business


/Excess seat capacity and rising fuel prices leaves German airline recording high negativeLufthansa has become the latest European airline to reveal it is suffering financial turbulence and said it would make a €336m (£290m) loss for the first quarter of 2019.The German group said a combination of excess seat capacity across the industry and rising fuel prices had impacted its earnings, turning the €52m profit it made for the same period last year into an unexpectedly high negative. Continue read...
/Rolling coverage of the latest economic and financial news, including the latest UK unemployment reportIntroduction: Another good UK jobs report today?Economists predict unemployment rate will remain at 44-year lowComing up: German ZEW survey of confidence 8.17am BST Ouch! Shares in German airline Lufthansa are sliding, after it posted a shock loss for the last quarter. 8.07am BST If the City predictions are correct, the UK’s jobless rate will remain at its lowest level since Harold Wilson was p...
/LG Electronics' home appliance and TV divisions have likely remained strong, while marketing costs for the G6 cut profits slightly.LG Electronics expects an operating profit of 664 billion won and revenue of 14.55 trillion won for the second quarter of the year, the company has revealed in its Q2 earnings guidance.Operating profit and revenue for the quarter rose 13.6 percent and 3.9 percent respectively from a year ago. Compared to the previous quarter, the results mark a drop of 27.9 percent a...
/Square's Q1 revenue was $462 million, up 22 percent over the same quarter last year.Square handily topped first quarter earnings and revenue targets after the bell Wednesday.The mobile payments and small business service provider reported a Q1 net loss of $15 million, or four cents a share, compared to a net loss of $82 million, or 29 cents a share, the year prior.what's hot on zdnetSquare's Non-GAAP earnings are finally in the black at 5 cents a share on revenue of $462 million, up 22 percent o...The company's first quarter results highlight data center growth outside of China. Lenovo's PC and mobile units struggled.Lenovo's revamp of its data center product line and sales and marketing efforts appear to be gaining traction even as the company's grip on the PC market slips and mobile reports operating losses. In the company's first quarter earnings results, Lenovo said its data center unit showed revenue growth of 11 percent in Western Europe and 8 percent in North America. Lenovo's data...
/Bankrupt airline’s hubs at Düsseldorf and Tegel airports badly affected by ‘unusually high number’ of staff calling in sickAir Berlin has been forced to cancel about 100 flights after an “unusually high number” of pilots called in sick, in what is believed to be a wildcat strike against possible redundancies at the bankrupt airline.The carrier, which declared bankruptcy last month after years of losses, is negotiating the transfer of staff to a potential buyer. Bids for the airline must be submi...
/Twilio's share price was up more than two percent in after hours trading. Cloud-based communications provider Twilio reported better-than-expected first quarter financial results on Tuesday. what's hot on zdnetThe San Francisco-based company delivered a Q1 net loss of $24.3 million, or 25 cents per share.Twilio's non-GAAP earnings clocked in at a loss of four cents a share on revenue of $129.1 million, up 49 percent year over year. Wall Street was expecting a loss of seven cents a share on reven...
/Cornerstone OnDemand and Etsy also reported results that beat market estimates. New Relic led the tech earnings parade on Tuesday, publishing solid fourth quarter financial results that satisfied targets for both earnings and revenue.what's hot on zdnetThe software analytics company posted a net loss of $7.5 million, or 13 cents per share.On a non-GAAP basis, the net income was nine cents per share on revenue of $98.4 million, up 34 percent year-over-year.Wall Street was expecting earnings of fi...
/Cloudera touts its momentum in the enterprise machine learning and analytics market.Okta reported its second quarter financial results, beating market expectations in its second quarter as a public company. The identity and device management firm posted a non-GAAP net loss of $15 million, or 16 cents per share, on revenue of $61 million.Wall Street was expecting a net loss of 26 cents a share on revenue of $55.9 million. Subscription revenue came to $56.1 million, a nearly 68 percent year-over-y...AT&T’s pay-television business lost more than 650,000 customers, as cord-cutting continued to take its toll, but the media business and surging profits in wireless helped the bottom line. AT&T Inc.’s pay-television business lost more than 650,000 customers in the fourth quarter, as cord-cutting continued to take its toll, but the media business—now called WarnerMedia—and surging profits in its wireless business helped the bottom line.The company reported a net loss of 403,000 DirecTV satell...Verifone said the loss was a result of restructuring and divestiture charges related to its China operations.Electronic payment technology provider Verifone reported a surprise Q3 loss on Thursday. what's hot on zdnetThe company said it lost $71 million, or 63 cents a share, compared to a loss of $31.1 million, or 28 cents a share, during the year ago period. Non-GAAP earnings were 36 cents a share with revenue of $467 million, down from $488 million a year ago. Wall Street was looking for earni...
/Manchester United may have been defeated in their quarter-final first-leg clash with Barcelona, but former player Owen Hargreaves believes positives should be taken from the Old Trafford loss. Do you want to automatically post your MailOnline comments to your Facebook Timeline?Your comment will be posted to MailOnline as usual We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline. To do this we will link your Ma...
/The company said its fourth adjusted quarter revenue was up 9 percent to $23.84 billion Dell Technologies said its fourth adjusted quarter revenue was up 9 percent to $23.84 billion as it saw strength in servers, storage and networking sales. Wall Street was expecting revenue of $23.46 billion. Dell didn't give out EPS results for the quarter.Featured storiesElsewhere on the balance sheet, the company reported non-GAAP operating income in the fourth quarter of $2.6 billion. GAAP operating loss w...
/Lufthansa is suing a traveller over a loophole that many are using to get cheaper flights to popular destinations Airlines are cracking down on a ticketing loophole that can knock thousands of pounds off the cost of travel – but the fight back is only giving more publicity to the advantages of “hidden city” travel.At its most simplistic, hidden city ticketing is when a passenger purchases a ticket to less popular and thus cheaper destination that happens to be routed through a more popular, and ...LG Electronics has reported that its operating profit rose 82 percent to 922 billion won in the first quarter of 2017.LG Electronics announced on Thursday that its first-quarter operating profit for 2017 reached 921.5 billion won, up 82 percent from the 505.2 billion won reported in the previous corresponding period and its highest since 2009.Revenue rose 9.7 percent from 13.4 trillion won to 14.7 trillion won for the same quarter.Latest news on AsiaThe South Korean giant once again credited its...

News list for lufthansa suffers turbulence with €336m loss in first quarter business