Lufthansa falls after cut to growth plan

Lufthansa shares sank nearly 7% — and the most in four and a half months — after the German airline cut its growth plans after a slide in fares and higher fuel costs weighed on 2018 earnings.

The carrier said it will slow capacity increases to 1.9% this summer from the 3.8 previously planned in an effort to bolster prices and cope with limited room for extra flights at airports.