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International Business Times
International Business Times
Science

Strikes Hit Lufthansa Profits, Olympics Dent Air France

The result was nevertheless better than a forecast of just over one billion euros by analysts (Credit: AFP)

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delays in aircraft deliveries, but vowed a turnaround plan will boost earnings this year.

European rival Air France-KLM also reported a big drop in its annual net income as some tourists avoided Paris during the Olympic Games last summer.

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