XTRA:LHAAirlines
Lufthansa Cuts Flights As Fuel Shock Tests Profit Outlook And Valuation
Lufthansa, ticker XTRA:LHA, is cutting 20,000 short haul flights in response to a sharp jet fuel cost surge linked to the Iran war and Strait of Hormuz closure.
The company is planning contingency refuelling stops and accelerating fleet and network changes to manage fuel consumption and supply risks.
Management has warned that annual profit could fall short of earlier expectations despite record revenue and improved operating results.
Lufthansa is reviewing additional cost measures as fuel...