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International Business Times
International Business Times
Business
AFP News

Lufthansa Reports Loss, Cuts Outlook After Strikes

Lufthansa the Middle East Middle East
Strikes have taken a deep bite into Lufthansa balance sheet but the airline still expects to end 2024 with an operating profit of 2.2 billion euros (Credit: AFP)

German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East.

Adjusted operating losses came in at 849 million euros ($902 million), according to preliminary results.

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