Despite rising kerosene costs and the growing threat of fuel shortages, the group is sticking to its forecast of significantly increasing adjusted operating profit compared to last year's nearly two billion euros. With the disruption of Gulf-based competitors, Lufthansa was able to sell more flights to Asia and Africa in March. However, Emirates, Etihad, and Qatar Airways have since ramped up their capacity again, even though Iran recently launched further attacks in the region.
'Global demand for air travel remains high and is proving resilient even in times of crisis,' the MDax-listed group stated. The airline group expects another strong summer travel season. 'Due to uncertainty factors, the opportunity-risk profile has shifted toward the risks.' Supply capacity is now expected to grow by only up to two percent, down from the originally planned four percent.
(Report by Ilona Wissenbach, edited by Myria Mildenberger. For inquiries, please contact the editorial management at frankfurt.newsroom@thomsonreuters.com)
