Lufthansa Q1 Net Loss Narrows, Sales Down; Backs FY21 View; Sees Significant Demand Recovery In H2 Loss per share was 1.75 euros, narrower than loss of 4.44 euros a year ago. Adjusted EBIT was loss of 1.14 billion, compared to prior year's loss of 1.22 billion euros. Lufthansa Group said it reduced operating loss compared to prior year through significant cost savings. Operating expenses reduced by 51 percent. Group sales fell 60 percent to 2.56 billion euros in the first quarter from last year's 6.44 billion euros. The previous year's comparable quarter was only partially affected by the effects of the pandemic. Regarding future corporate financing, the company said it will propose the Annual General Meeting on 4 May 2021 the creation of a new Authorized Capital C with a nominal value of up to 5.5 billion euros. The aim is for the company to raise capital flexibly in the capital market.