Latest Aviation News Air transport LUFTHANSA WARNS AIRPORT CAPACITY TO SQUEEZE GROWTH

Lufthansa warns airport capacity to squeeze growth

AFP
14/03/2019 | 275 words
Lufthansa, Europe's largest airline group, said Thursday that capacity bumping up against limits at overcrowded airports would hem in growth this year as it reported that its bottom line fell in 2018.Net profits at the Frankfurt-based group amounted to 2.2 billion euros ($2.5 billion), down 8.0 percent year-on-year.Disruption to air traffic, higher fuel costs and the pricey acquisition of large parts of defunct competitor Air Berlin all weighed on the result, Lufthansa said, outweighing a 6.0-percent boost in revenues to 35.8 billion euros.Looking ahead to 2019, Lufthansa's executives said (...)
 
 
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