Lufthansa said it would cut 3,500 jobs to reduce costs amid growing signs of crisis for Europe's airline industry, with losses nearly doubling at Scandinavian rival SAS and small Danish airline Cimber Sterling declaring bankruptcy.
WSJ.com: US Business, Wall Street Journal: Business
Thu, 05/03/2012 - 5:40am
Lufthansa said it would cut 3,500 jobs to reduce costs amid growing signs of crisis for Europe's airline industry, with losses nearly doubling at Scandinavian rival SAS and small Danish airline Cimber Sterling declaring bankruptcy.