Lufthansa Shares Plummet After Profit Warning…

By: | June 11th, 2014

German airline, Lufthansa, recently announced a profit warning which in turn led to shares falling more than 13% in European trading yesterday.

Weaker revenues across the board have led to Lufthansa cutting its operating profit to €1 billion for 2014 and to €2 billion for 2015.

The devaluation of the Venezuelan bolivar plus costs shooting up as a result of pilot strikes certainly have not helped Lufthansa and their recent struggles.

Marshall Smith

Technology, engineering, and design enthusiast.

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