Thursday, March 19, 2020

Lufthansa FY19 Profit Down, Says Can't Predict FY20 Earnings; Stock Up

Deutsche Lufthansa AG Thursday reported lower profit and margin in fiscal 2019, despite higher revenues. Looking ahead for fiscal 2020, the German airline said it can not currently predict the magnitude of the expected decline in adjusted EBIT due to the Coronavirus pandemic. The company previously said its adjusted EBIT in 2020 would be significantly below last year.

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