Catering has been the carrier’s least profitable operation in recent years. The last peak margin was 5.5% in 2013 and it has been well below this level ever since. Management has now decided to sell the European part of this business to Swiss Gategroup, a company specialised in catering and ancillary businesses.
26 Nov 2019
Lufthansa sells its European Catering business
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Lufthansa sells its European Catering business
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
26 Nov 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Catering has been the carrier’s least profitable operation in recent years. The last peak margin was 5.5% in 2013 and it has been well below this level ever since. Management has now decided to sell the European part of this business to Swiss Gategroup, a company specialised in catering and ancillary businesses.