Lufthansa slashes 2024 outlook, citing strikes and capacity snags
Lufthansa slashed its 2024 earnings outlook, expecting adjusted earnings before interest and taxes (EBIT) of 2.2 billion euros, down from a previous forecast of stable earnings compared to 2023. The airline reported a first-quarter loss of 849 million euros, with strikes impacting earnings by around 350 million euros. Lufthansa shares fell by more than 4 per cent to a five-month low.