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Landing to a loss in Q1

2012-5-4  |     NEWSPAPER EDITION

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A Lufthansa aircraft lands at Frankfurt airport. Germany's Lufthansa AG said it will shed 3,500 office jobs to cut costs and boost lagging profits. The news yesterday followed a report of a 397-millioneuro (US$521 million) loss in the first quarter because of higher fuel costs and taxes.

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