Lufthansa regains ground in 'year of two halves', promises restructuring savings [Yahoo! Finance]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Yahoo! Finance
demand and lower fuel costs that lifted its shares on Thursday following a difficult year impacted by costly strikes and industry-wide delivery delays. Despite falling by over a third on the previous year, operating profit of 1.6 billion euros ($1.73 billion) in 2024 was still slightly above forecasts, driven by a stronger-than-expected fourth quarter which Deutsche Bank analysts said was "a decent end to the year". Shares in the German group, which has promised to cut costs at its loss-making core brand Lufthansa Airlines in the coming years, were trading 6.8% higher at around 0925 GMT. European airlines, including Lufthansa rival Air France-KLM, struggled last year as inflation and maintenance of ageing fleets drove costs higher despite sustained strong demand, with shares dropping for most of the main carriers on the continent. "Looking back, 2024 was a year of two halves for the Lufthansa Group. In the first six months, we still had to cope with a significant decline in op
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