Thursday June 4, 2020

Lufthansa sees difficult second half as terrorism dampens demand

Unit revenue at the German airline fell 4.1% in second quarter

2nd August, 2016
Lufthansa expects a difficult second half

Deutsche Lufthansa’s average ticket prices fell in the second quarter as a drop in demand stemming from terrorist attacks in Europe was met by too much seating across the airline industry.

Yields excluding currency fluctuations, a measure of average fares, declined 0.8 per cent in the second quarter, the German carrier said. That caused unit revenue, the average sales generated per seat kilometre flown, to decline by 4.1 per cent in the period,...

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