Lufthansa : Repercussions of strikes and uncertainties on Q4 offset the good summer and approval of the ITA acquisition
>The repercussions of strikes penalise Q2 more heavily than expected - At a sell-side breakfast, the CEO and interim CFO of Lufthansa emphasised that the first two months of Q2 had been far more heavily penalised than expected by the direct and indirect consequences of strikes (vs initial estimate of ‘at least € 100m’). We have therefore lowered our estimates to forecast adjusted EBIT of € 688m for Q2 alone (-37% vs Q2 2023) due to a decline in passenger unit revenue ...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").
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