Lufthansa Group has cut its full year earnings guidance following a market-related decline in yields and challenges posed by delayed aircraft deliveries. It adjusted its previous EBIT estimate of €2.2bn down to around €1.4-1.8bn. The outlook is largely dependent on the earnings development at Lufthansa Airlines and Lufthansa Cargo’s important fourth quarter. In addition, adjusted free cash flow is expected to be significantly below €1bn, with it previously estimating at least €1bn. On a preliminary basis, Lufthansa Group reported an adjusted EBIT of €686 million in the second quarter of the year, down from €1.1bn in the same financial period

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