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Lufthansa posts Q1 net loss of €256 million

  Germany’s leading airline Lufthansa posted on Thursday a first quarter net loss of €256 million ($290 million), compared to a profit of €44 million in the same period a year earlier.

On Wednesday, Lufthansa had reported an operating loss of €44 million in the first three months of the year, and said it expected a drop in full-year 2009 sales owing to a dip in short-term demand for flights. (Economic Times)