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Lufthansa profit forecast boosts shares

Lufthansa profit forecast boosts shares

Lufthansa has said it expects profits to fall only slightly this year despite lower fares and a rising fuel bill. Analysts had been predicting a sharp decline in earnings. That news substantially boosted the German airline’s shares as it announced operating profit was down 3.6 percent in 2016 at 1.75 billion euros. “We feel well equipped…

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Lufthansa has said it expects profits to fall only slightly this year despite lower fares and a rising fuel bill. Analysts had been predicting a sharp decline in earnings. That news substantially boosted the German airline’s shares as it announced operating profit was down 3.6 percent in 2016 at 1.75 billion euros. “We feel well equipped…


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