NEWS Lufthansa faces more cost-cuts despite profits improvement – @BBCBusiness

German airline Lufthansa, hit by a series of strikes, has warned that more cost-cutting is needed.
The carrier posted a net profit of €425m (£312m; $472m) in the last quarter, up from a €252m loss last year, helped by the falling oil price.
But Lufthansa said rising pension and other costs remained a burden, and that pilots’ strikes had cost it €42m.