Lufthansa has become the latest airline group in Europe to report grim results for the period from July through September, traditionally its most profitable quarter, and the carrier warned that in the upcoming winter months demand for air travel is expected to remain low due to an increase in Covid-19 infection rates and the associated travel restrictions. Several of Lufthansa's so-called home markets, including Germany, Austria, and Belgium, have announced new lockdowns in recent weeks. “No one can predict how long the travel warnings or lockdowns will last," said Lufthansa Group CEO Carsten Spohr, speaking during the company’s third-quarter results call with analysts on Thursday. "No one can predict how air travel will pick up again and when we will see a sustainable recovery.” However, one thing is certain, he added: “The winter months will be an immense challenge, not only for Lufthansa but for the whole aviation and travel industry.”
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