Reported 29 days ago
Lufthansa reported a 9% decline in its third-quarter operating profit, falling to 1.3 billion euros, as the airline faces stiff competition and rising costs. The CEO highlighted issues such as delayed aircraft deliveries and a sluggish recovery in corporate travel impacting the core brand. Despite targeted profitability improvements and restructuring plans, analysts express skepticism about achieving long-term profit margin goals amid ongoing challenges in the aviation industry.
Source: YAHOO