Lufthansa Takes €350 Million Hit From Strike, Slashes Yearly Forecast
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The German airline group has warned that increasing tension in the Middle East could also affect its bottom line.
The Lufthansa Group is slashing its financial forecast after a series of strikes affected its operations and warned rising tensions in the Middle East could further affect its bottom line.
The German company expects a loss of around 2.2 billion euros, roughly $2.34 billion, in adjusted earnings before interest and taxes for the full year, a key measure of profitability.
The full-year forecast falls below expectations that its adjusted EBIT loss would be the same as 2023 ($2.68 billion).
Lufthansa said strikes cost i
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