German airline Lufthansa cuts FY2024 outlook by €350m due to strikes, expects adjusted EBIT loss of €849m in Q1 2024.

German flagship airline Lufthansa has cut its FY2024 outlook due to a series of strikes impacting earnings by €350m, causing a preliminary expectation of an adjusted EBIT loss of €849m in Q1 2024 compared to a loss of €273m last year. The company now expects an adjusted EBIT of €2.2bn for the current fiscal year, down from €2.68bn in the previous year. Lufthansa's stock is currently trading at $6.97, down 4.32%.

April 15, 2024
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