Lufthansa Forecasts Earnings Slump in Third Quarter as Costs Rise

Reuters07-31

German flag carrier Lufthansa expects lower earnings in the third quarter as yields slump and unit costs increase, the company said on Wednesday.Airfares around Europe and Asia have started to plateau...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2455922590?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-31 13:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2455922590","market":"sg","top_or_hot":-1,"title":"Lufthansa Forecasts Earnings Slump in Third Quarter as Costs Rise","media":"Reuters","content":"<div>\n<p>German flag carrier Lufthansa expects lower earnings in the third quarter as yields slump and unit costs increase, the company said on Wednesday.Airfares around Europe and Asia have started to plateau...</p>\n\n<a href=\"https://sg.news.yahoo.com/news/lufthansa-forecasts-earnings-slump-third-050531844.html\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lufthansa Forecasts Earnings Slump in Third Quarter as Costs Rise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLufthansa Forecasts Earnings Slump in Third Quarter as Costs Rise\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-31 13:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://sg.news.yahoo.com/news/lufthansa-forecasts-earnings-slump-third-050531844.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German flag carrier Lufthansa expects lower earnings in the third quarter as yields slump and unit costs increase, the company said on Wednesday.Airfares around Europe and Asia have started to plateau...</p>\n\n<a href=\"https://sg.news.yahoo.com/news/lufthansa-forecasts-earnings-slump-third-050531844.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DLAKY","symbol_name":"Deutsche Lufthansa AG","start_time":0,"source_url":"https://sg.news.yahoo.com/news/lufthansa-forecasts-earnings-slump-third-050531844.html","article_id":"2455922590","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2455922590","pubTimestamp":1722404473,"sourceInfo":null,"weMediaInfo":null,"summary":"German flag carrier Lufthansa expects lower earnings in the third quarter as yields slump and unit costs increase, the company said on Wednesday.  In the third quarter, Lufthansa expects yields to be lower by a single-digit percentage compared with 2023 levels, while unit costs are expected to rise by a similar magnitude, according to a company statement.  Overall, it expects third-quarter adjusted earnings before interest and taxes (EBIT) to fall short of the prior-year level of 1.5 billion euros ($1.62 billion), due to challenges at Lufthansa Airlines.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DLAKY":"Deutsche Lufthansa AG","DLAKF":"Deutsche Lufthansa AG","0H4A.UK":"德国汉莎航空公司"},"translate_title":"随着成本上升，汉莎航空预计第三季度盈利将下滑","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"0H4A.UK":1.1,"DLAKF":1.1,"DLAKY":1.1},"content_text":"German flag carrier Lufthansa expects lower earnings in the third quarter as yields slump and unit costs increase, the company said on Wednesday.Airfares around Europe and Asia have started to plateau or fall, signalling that a prolonged post-COVID travel boom is waning and delivering a setback for airlines struggling with higher costs and limited aircraft availability.In the third quarter, Lufthansa expects yields to be lower by a single-digit percentage compared with 2023 levels, while unit costs are expected to rise by a similar magnitude, according to a company statement.Overall, it expects third-quarter adjusted earnings before interest and taxes (EBIT) to fall short of the prior-year level of 1.5 billion euros ($1.62 billion), due to challenges at Lufthansa Airlines.Lufthansa cut its profit target for the second time this year in July.Last week, Air France-KLM missed its profit forecast on higher costs that also plagued its first quarter results, and falling profit at Ryanair sounded further alarm bells.Lufthansa shares are down around 25% over the last six months as it continues to struggle to recover its balance sheet.($1 = 0.9239 euros)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2455922590"}