Skift Take
The Lufthansa Group lowered its outlook for 2024 due to negative market trends — particularly in Asia — and aircraft delivery delays that have afflicted most of the industry.
Lufthansa Group lowered its outlook for the year, saying that its flagship carrier is struggling to break even. It cited negative market trends and aircraft delivery delays for the shift.
The company, which also includes Austrian Airlines, Brussels Airlines, Eurowings and Swiss, expects its adjusted earnings before interest to fall in the range of €1.4 to €1.8 billion ($1.52 billion to $1.96 billion), down from its previous guidance of €2.2 billion ($2.4 billion