Lufthansa lowers 2019 profit forecast, cites price competition
German airline Lufthansa on Sunday lowered its profit outlook for the full year 2019, citing intense competition from low-cost rivals over prices in Europe.
The group`s adjusted (EBIT) margin was forecast at between 5.5% and 6.5%, down from 6.5% to 8% previously, Lufthansa said in a statement. Image source: Pixabay