Lufthansa Group expects to increase unit revenues in 2Q
After a weak first quarter -ATTACHMENT
Lufthansa Group expects to increase unit revenues in the second quarter after a weak first quarter.
The highlights are:
Substantial market-wide capacity expansion in Europe lowers unit revenues and reduces first-quarter Adjusted EBIT to EUR -336 million
Higher fuel costs burden quarterly earnings by around EUR 200 million
Unit costs reduced in line with full-year forecast
Lufthansa Cargo reports lower first-quarter earnings owing to weaker demand; Lufthansa Technik increases earnings for the period thanks to strong third-party business
Lufthansa Group confirms its expectations of higher unit revenues in the second-quarter period
Eurowings further cuts its planned capacity growth
Full-year guidance for 2019 remains unchange.
The integral version of the report (four pages) is attached to this AVIONEWS.
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