IATA fights back as India hits major foreign airlines with tax evasion allegations
Foreign airlines operating out of India are in the crosshairs of its regulatory authorities over ...
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By Alex Lennane
Lufthansa has issued a profit warning as long-haul passengers react to terrorist attacks and economic uncertainty, the airline said. Advance bookings for the third quarter are down, and the company said: “As of today, the executive board regards a complete recovery as not likely anymore.” Profit from its aviation services, which includes cargo, was down 60%, according to preliminary data.
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