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Lufthansa Group expects to increase unit revenues in 2Q

After a weak first quarter -ATTACHMENT

Lufthansa Group expects to increase unit revenues in the second quarter after a weak first quarter.

The highlights are:

Substantial market-wide capacity expansion in Europe lowers unit revenues and reduces first-quarter Adjusted EBIT to EUR -336 million

Higher fuel costs burden quarterly earnings by around EUR 200 million

Unit costs reduced in line with full-year forecast

Lufthansa Cargo reports lower first-quarter earnings owing to weaker demand; Lufthansa Technik increases earnings for the period thanks to strong third-party business

Lufthansa Group confirms its expectations of higher unit revenues in the second-quarter period

Eurowings further cuts its planned capacity growth 

Full-year guidance for 2019 remains unchange.

The integral version of the report (four pages) is attached to this AVIONEWS.

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AVIONEWS - World Aeronautical Press Agency