Lufthansa’s financial woes have continued, with the German airline giant admitting it is “becoming increasingly challenging for Lufthansa Airlines to break even for the full year” after seeing its first-half losses swell.
Lufthansa said it made a profit of €213m in the second quarter of this year. That was down by around €300m on the same 3-month period last year and led to the carrier recording a loss of €427m for the first half of the year, compared to a first-half loss, last year, of €149m.
The airline said a decline in yields in all traffic regions – especially Asia – had a negative impact on its first half performance.
On a group-wide basis, Lufthansa Group – which also includes SWISS, Brussels Airlines, Austrian Airlines, Edelweiss and Eurowings – said it expects full-year earnings of around €1.4bn-€1.8bn – which is down from its previous guidance of around €2.2bn.
The group’s other airlines – apart from Lufthansa – have performed well this year.
