Lufthansa Group operating profit down in second quarter

While Lufthansa Group’s revenues were up 7% to €10bn in the second quarter of 2024, its adjusted operating profit was €686 million, down from €1.1bn last year. Its net result totalled €469 million in the quarter, down from €881 million a year prior. The group said that normalising ticket prices, decline in yields in all of its traffic regions – particularly in the second quarter, strikes at various Lufthansa Group companies as well as external system partners had all impacted its earnings by over €100 million. In addition, its operating expenses increased 10% to approximately €10bn as well “inflation-related cost