Lufthansa Group has revised its full-year earnings forecast downward for the fiscal year ending December 2024.
The forecast for earnings before interest and taxes (EBIT) has been lowered from the original estimate of around 2.2 billion euros to between 1.4 and 1.8 billion euros. The outlook is significantly influenced by the revenue trends of Lufthansa German Airlines and the fourth-quarter performance of Lufthansa Cargo.
The downgrade reflects a downturn in global yields, particularly in Asia, and the impact of delays in aircraft deliveries for both Lufthansa German Airlines and Lufthansa CityLine.
Details on the financial outlook will be disclosed when the interim financial statements are published on July 31.
