News Formal

Airline shares under pressure after surprise Lufthansa profit warning – business live

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Kier Group to cut 1,200 jobs in cost-saving push – business live

Shares in airlines are on the back foot across Europe after a surprise Lufthansa profit warning overnight. Lufthansa shares fell by 11.5% on Monday morning after the German airline on Sunday lowered its profit outlook for 2019, citing intense price competition from low-cost rivals in Europe. Lufthansa slashed its pretax profit expectations from a range of €2bn to €2.4bn , compared with the previously targeted €2.4bn to €3bn.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside American Airlines' £1.6k ($2,000) business class cabinBA's codeshare partner AA is the world's biggest carrier, but does it have a business class with quality to match the scale? Ted Thornhill investigates on return flights from Heathrow to the U.S. This looks almost comparable to BA First Class. Nice work!
Source: Daily Mail Online - 🏆 135. / 51 Read more »