Thursday, July 10, 2014

Lufthansa shares fall after new outlook

October 22. 2013 5:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Shares in German airline Lufthansa have fallen after the airline issued a new profit forecast that is short of analyst expectations.

The airline said Tuesday it would earn 600-700 million euros ($820-$960 million) in operating profit this year. The earlier forecast was for an improvement on last year's 524 million.

The new forecast was short of the 943 million foreseen by analysts surveyed by financial information provider FactSet.

Lufthansa AG shares traded down 3 percent at 14.40 per share in morning trading in Europe.

The airline said its earnings this year would include one-time costs of 300 million euros and revenue would be on a par with last year. The company reports earnings for the first nine months of the year on Oct. 31.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds