Lufthansa forecast stable margins and revenue growth in the mid-single digits th...
An advertising board of German air carrier Lufthansa is seen at the airport in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach
Germany’s biggest airline, reporting an 11 percent decline in fourth-quarter operating profits, said it would focus on “quality” growth this year and reduce growth in its peak summer capacity to 1.9 percent. Lufthansa’s acquisition of Air Berlin removed a key competitor on its home market, but the cost of integrating the operation has hurt profitability and its share price, which has declined by 12 percent over the past 12 months.
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