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Lufthansa cuts 2024 earnings target on low yields

07/12/2024

Less than a minute

2024.07.12 06:35

FRANKFURT (Reuters) – German airline group Deutsche Lufthansa (ETR:) on Friday slashed its earnings guidance for the year, citing low yields.

© Reuters. FILE PHOTO: Lufthansa planes stand parked as Frankfurt airport is closed to passengers with planned departures due to a strike organised by Verdi union, in Frankfurt, Germany, March 7, 2024. REUTERS/ Kai Pfaffenbach//File Photo

Lufthansa now expects adjusted 2024 earnings before interest and taxes between 1.4 billion euros ($1.5 billion) and 1.8 billion, down from a previous target of about 2.2 billion, it said in a statement.

($1 = 0.9186 euros)

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07/12/2024

Less than a minute