XTRA:LHAAirlines
Lufthansa (XTRA:LHA) Stock Price Trails Record Revenue As Margins Crumple
The market came into this earnings print already on the back foot. Deutsche Lufthansa shares closed at €8.48 on 4 August, down about 6% over the past week and 15% over the past month. Yet Q2 told a more nuanced story. The group delivered a record €11.1b in revenue but saw adjusted EBIT squeezed to €883m as fuel and disruption bit into profits.
In the very short term that profit pressure is what traders are reacting to. Longer term investors will be weighing that margin strain against a share...