Lufthansa fare slide to slow as CEO seeks further cuts

Lufthansa said a slide in fares triggered by excess capacity is beginning to slow, easing the burden on earnings as fuel costs rise.

Adjusted operating profit will decline “slightly” in 2017 after the figure dropped 3.6% to €1.75 billion last year, Lufthansa said yesterday.

The guidance for this year compares with analyst predictions for a slump of about 20% to €1.42bn.