April 15, 2019 / 6:24 PM / 8 days ago

CORRECTED-BRIEF-Lufthansa Group's Adjusted EBIT Declines To EUR -336 Mln (Not EUR 336 Mln) In First Quarter 2019

(Adds minus sign in headline)

April 15 (Reuters) - Deutsche Lufthansa AG:

* DGAP-ADHOC: DEUTSCHE LUFTHANSA AG: LUFTHANSA GROUP’S ADJUSTED EBIT DECLINES TO EUR -336 MILLION IN THE FIRST QUARTER 2019

* EARNINGS FOR Q1 2019 PERIOD WERE REDUCED BY A EUR 202 MILLION RISE IN FUEL COSTS

* FOR 2019 AS A WHOLE, LUFTHANSA GROUP STILL EXPECTS TO REPORT AN ADJUSTED EBIT MARGIN BETWEEN 6.5 AND 8.0 PERCENT

* MARKET-WIDE OVERCAPACITIES IN EUROPE ALSO PUT STRONG DOWNWARD PRESSURE ON FARES

* UNIT REVENUES FOR Q1 2019 WERE DOWN SIGNIFICANTLY AT BOTH NETWORK AIRLINES AND EUROWINGS

* LUFTHANSA GROUP EXPECTS UNIT REVENUES AT CONSTANT CURRENCY TO INCREASE YEAR-ON-YEAR IN Q2 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below