Thursday, March 16, 2017

Lufthansa Sees Slightly Lower FY17 Adj. EBIT After Wider Q4 Net Loss; Stock Up

German airline group Deutsche Lufthansa AG Thursday said it expects slightly lower adjusted EBIT, a key earnings metric, in its fiscal 2017, after reporting wider net loss in its fourth quarter. The shares were gaining around 4 percent in German trading. The company said that reduction in unit costs are expected to continue to offset a large part of higher fuel costs and lower unit revenues...

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