Management blames higher kerosene costs plus a capacity miss-match as having been the reason for the profit warning. While it does not have any influence on the former, it had increased the offer too fast in March this year. Although the Easter break did not fall into that month, it had increased the offer by 4.9% compared to last year’s March when tourists started to go to their holiday destinations.
16 Apr 2019
Adjusted EBIT amounts to a loss of €336m in Q1 19
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Adjusted EBIT amounts to a loss of €336m in Q1 19
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
16 Apr 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Management blames higher kerosene costs plus a capacity miss-match as having been the reason for the profit warning. While it does not have any influence on the former, it had increased the offer too fast in March this year. Although the Easter break did not fall into that month, it had increased the offer by 4.9% compared to last year’s March when tourists started to go to their holiday destinations.