Lufthansa shares fall after new outlook

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, October 22, 2013 12:00 am

FRANKFURT, Germany (AP) - Shares in German airline Lufthansa have fallen after the airline issued a new profit forecast that is short of analyst expectations.

The airline said Tuesday it would earn 600-700 million euros ($820-$960 million) in operating profit this year. The earlier forecast was for an improvement on last year's 524 million.

The new forecast was short of the 943 million foreseen by analysts surveyed by financial information provider FactSet.

Lufthansa AG shares traded down 3 percent at 14.40 per share in morning trading in Europe.

The airline said its earnings this year would include one-time costs of 300 million euros and revenue would be on a par with last year. The company reports earnings for the first nine months of the year on Oct. 31.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


loading...

SPOTLIGHT »

Inside Business
To submit an announcement for "Inside Business", click here. For questions call (402) 444-1371 or e-mail announcements@owh.com.

World-Herald Alerts

Want to get World-Herald stories sent directly to your home or work computer? Sign up for Omaha.com's News Alerts and you will receive e-mails with the day's top stories.