Lufthansa faces nearly $2 billion in extra fuel costs amid Middle East conflict

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Lufthansa faces nearly $2 billion in extra fuel costs amid Middle East conflict

A Lufthansa passenger plane lands at Frankfurt Airport The plane flies over the Messeturm. The airline presents its quarterly figures on Wednesday. …

A Lufthansa passenger plane lands at Frankfurt Airport The plane flies over the Messeturm. The airline presents its quarterly figures on Wednesday. Picture Alliance | Picture Alliance | Getty Images Germany's largest airline, Lufthansa reported taking on 1.7 billion euros (nearly $2 billion) in additional fuel costs as the Middle East conflict poses "enormous challenges." In its first-quarter earnings published Wednesday, the airline said it had hedged 80% of its jet fuel, it expects to take on …

Original source: CNBC Top News