Deutsche Lufthansa confirms forecasts as it sees strong summer travel ahead

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Deutsche Lufthansa confirmed its forecasts for the year as it expects a strong summer travel season after posting higher revenue and narrower losses for the first quarter.

The German carrier group XE:LHA on Wednesday posted revenue of 7.02 billion euros ($7.72 billion) for the three months to the end of March, up 40% on year thanks to strong bookings for the summer months. The group carried 22 million passengers in the quarter, up from 13 million last year.

“The…

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