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Lufthansa keeps capex at 2.5 billion euro a year until 2020


    FRANKFURT (Reuters) - Lufthansa will keep its investment budget to 2.5 billion euros ($2.8 billion) a year until 2020, the airline's chief executive said on Monday.

    Carsten Spohr, speaking to journalists in Frankfurt, said Lufthansa was having to prioritize investments over others.

    Lufthansa had previously said it would limit annual spending to 2.5 billion in 2016 and 2017.

    (Reporting by Victoria Bryan and Peter Maushagen; Editing by Arno Schuetze)