Lufthansa lowers 2024 profit forecast to €1.4-€1.8bn due to Q2 operating profit drop by 40%.
German airline Lufthansa has lowered its 2024 profit forecast for a second time following a disappointing performance in Q2. The group's operating profit in Q2 fell by nearly 40% compared to the previous year, while expected operating profit for the year has been revised downwards from around €2.2bn to €1.4-€1.8bn. This comes amidst falling ticket revenues, inefficiencies, and slow delivery of new aircraft.
July 12, 2024
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