Lufthansa lowers profit goal on weak fares, will trim costs
Carriers face reduced passenger revenue due to overcapacity driving down prices
Deutsche Lufthansa AG cut its profit outlook for the full year and warned that breaking even at its namesake German unit will be “increasingly challenging” as it grapples with higher unit costs and falling ticket prices. Adjusted operating profit will be in the range of €1.4 billion ($1.5 billion) to €1.8 billion, down from a […]
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