Lufthansa : Final demand under pressure and sharp deterioration in FCF generation
>Q2 ultimately better than expected thanks to cuts to Eurowings’ long-haul flights... - Although Q2 2019 adjusted EBIT came in 2.6% higher than forecast at € 754m (-24.6%) on sales growth of 3.6%, the gap is attributable to the discontinued expansion of long-haul flights at Eurowings (+0.3% vs. +15.6% in Q1) which helped to limit the drop in unit revenues to -2.1% (vs. -8% est.). Aside from this item, the figures were in line with forecasts. Unit costs excluding fuel ...Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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