Lufthansa backs guidance as it braces for summer travel surge

Deutsche Lufthansa confirmed its forecasts for the year as it expects a strong summer travel season after booking higher revenue and narrower losses for the first quarter.

The German carrier group XE:LHA on Wednesday posted revenue of 7.02 billion euros ($7.72 billion) for the three months to the end of March, up 40% on year thanks to strong bookings for the summer months in a sign of pent-up demand after travel restrictions and border closures that brought international traffic to a near standstill at the height of the Covid-19…