Issue Summary

The three biggest European airline groups have reported their second-quarter earnings results, and it's the same mixed bag for Lufthansa as it was for IAG and Air France/KLM. Leisure markets are booming, while longhaul and business are a fraction of what they were before the pandemic. This is great news for budget arm Eurowings, but not such good news for the group's network airlines, which are rejiggering their networks to serve more leisure destinations. Lufthansa Cargo, however, pulled in record revenues, and both the catering and MRO businesses did well. Like his peers, Lufthansa Group CEO Carsten Spohr thinks the…